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.
Days after a Delaware vice chancellor warned of sanctions if excessive discovery battles continue in a fight over the future of William I. Koch's Oxbow Carbon LLC businesses, a new skirmish opened around an Oxbow call for Chancery Court clarification of its most recent document release rulings.
Delaware's high court ruled Thursday that New York law applies to Chemtura Corp.'s entire dispute with Lloyd's of London underwriters over coverage for costs to clean up a pair of contaminated sites, overturning a lower holding that the laws of the states where the underlying claims arose should apply on a claim-by-claim basis.
Samson Resources Co. withdrew more than $16.8 million in oil and gas well claims against a bankruptcy successor to Magnum Hunter Resources late Thursday, citing an earlier settlement deal to wind up loose ends trailing both companies' confirmed Chapter 11 reorganization plans.
Paragon Offshore PLC’s stockholders on Friday attacked what they characterized as manipulated projections of the bankrupt Houston company’s stability, outlook and ability to pay stockholder claims, and urged the U.S. trustee's office to form an official equity committee.
In Casino Caribbean v. Money Centers last month, the U.S. Bankruptcy Court for the District of Delaware ruled that tribal sovereign immunity is not abrogated by Section 106 of the Bankruptcy Code. This decision makes it clear that many bankruptcy courts do not consider Native American tribes to be "governmental units," say attorneys with Holland & Knight LLP.