Delaware Law360 provides breaking news and analysis on legal and regulatory issues in Delaware. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
A Delaware Superior Court judge on Thursday found a New York property owner waited too long to file suit against Lexington Insurance Co. over coverage of $3.2 million in Superstorm Sandy damages.
Bankrupt grocery chain Haggen Holding LLC's unsecured creditors accused the chain Thursday in Delaware bankruptcy court of violating a court order by using proceeds from real estate sales to defend against the creditors’ adversary proceeding over its real estate dealings.
An investor in Galena Biopharma Inc. launched a putative class action in the Delaware Chancery court late Thursday, claiming that at two shareholder meetings, the company improperly counted stockholder votes and then went ahead as if its proposals had passed when they actually didn’t.
Bankrupt cancer diagnosis firm Bostwick Laboratories Inc. received court approval Friday in Delaware for a $6.5 million sale of its assets to stalking horse bidder Poplar Healthcare Management PLLC, which will be assuming many of the debtor’s leases and contracts in the transaction.
When a federal judge in Seattle recently enjoined the city from enforcing parts of an ordinance allowing ride-sharing drivers to unionize, it was hailed as a major victory for a badly beaten industry. But that victory may prove to be fleeting, says Daniel Handman of Hirschfeld Kraemer LLP.