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Latest News in Delaware

  • December 14, 2017

    Observation Wheel Builder Reaches Deal On Interim DIP Cash

    The company contracted to design and build a large observation wheel in Staten Island, New York, reached a deal with the wheel’s owners Thursday in Delaware to allow the bankrupt design company interim access to post-petition financing to be used to pay storage costs for large amounts of components for the wheel.

  • December 14, 2017

    Del. Justices Reverse $7B Price Bump In Dell Deal Appraisal

    The Delaware Supreme Court on Thursday reversed the Chancery Court’s appraisal decision of Dell Inc.’s $25 billion buyout that said it was underpriced by roughly $7 billion, ruling that Vice Chancellor J. Travis Laster’s analysis was “based on several assumptions that are not grounded in relevant, accepted financial principles.”

  • December 14, 2017

    Del. Justices Revive $51M Bank D&O Incentive Suit

    Delaware’s Supreme Court on Wednesday clarified the limits of business judgment protections for stockholder-approved equity incentive awards, reviving a stockholder suit challenging a regional bank’s $51.5 million award package for directors and officers.

  • December 13, 2017

    Musk's Control Of Tesla Takes Central Role In Chancery Suit

    Whether business magnate Elon Musk actually controls Tesla Inc., the electric carmaker he had a hand in founding, took center stage Wednesday in the Delaware Chancery Court as the company pushed to have a shareholder challenge to its $2.6 billion acquisition of SolarCity Corp. thrown out.

  • December 13, 2017

    Charming Charlie's DIP Plans Get Interim OK In Delaware

    Bankrupt women's accessories retailer Charming Charlie Holdings Inc. received interim approval Wednesday in Delaware for a two-part post-petition financing plan that will see $10 million of new money injected into the company to help it maintain operations at core stores going forward.

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