Delaware
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.
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Latest News in Delaware
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August 18, 2017
Uber's Kalanick Invokes Arbitration In Board Seat Lawsuit
Uber Technologies Inc. founder Travis Kalanick on Friday moved to trump a Benchmark Capital Partners LP Delaware lawsuit seeking to oust him from the company’s board, declaring in a bitterly worded motion and brief that disputes over board voting must go to arbitration.
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August 18, 2017
Stockholder Suit Over $353M Martha Stewart Sale Nixed
Domestic diva Martha Stewart followed “with precision” measures to protect minority stockholders during the $353 million sale of her company to Sequential Brands Group, Inc. in late 2015, a Delaware vice chancellor said Friday in a ruling that dismissed shareholder challenges to the deal.
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August 18, 2017
LendingClub Board Accused Of Lying About Internal Controls
A pair of LendingClub Corp. shareholders filed a derivative suit Friday in Delaware Chancery Court, alleging the company’s board breached its fiduciary duties by not ensuring LendingClub had sufficient internal financial controls and lied about them in regulatory filings.
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August 18, 2017
Bankrupt E-Cig Co. Asserts Disposal Of Inventory Is Harmless
The Chapter 7 trustee for e-cigarette maker NJOY Inc. on Friday asked a judge to approve the abandonment of 3,400 pallets of e-cigarettes at a warehouse whose owner says proper disposal of the products will cost $800,000, given the lithium batteries and tobacco they contain.
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August 18, 2017
Russian KFC Owner Can Be Taxed On Stock Sale: 3rd Circ.
A Third Circuit panel on Friday largely affirmed a U.S. Tax Court decision that the primary shareholder in a company that owned most of Russia’s Pizza Huts and KFCs could be taxed on stock he bought from a minority shareholder, saying the primary shareholder must accept the "consequences of his business decisions."
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