Delaware

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Latest News in Delaware

  • November 24, 2021

    Gulf Coast Defuses Ch. 11 Loan, Site Management Disputes

    Bankrupt Gulf Coast Health Care reached agreements Wednesday on amendments to a proposed $25 million case financing loan and management change agreement for 24 of the nursing home chain's sites in Florida and Mississippi, after two days of wrangling over insider benefits and creditor claim restrictions.

  • November 24, 2021

    Bondholders Target Citgo Over $118M Venezuelan Debt

    Bondholders say they've waited patiently and deserve a tentative attachment on $118 million worth of Citgo's parent company's stock, arguing that the Venezuela-owned companies they say owe them money are essentially the country's "alter egos."

  • November 24, 2021

    3rd Circ. Tosses Ex-NFLer's Concussion Settlement Bid

    The Third Circuit on Wednesday backed the denial of a $1.5 million concussion settlement for former National Football League defensive end Amon Gordon, ruling that the ex-player improperly raised new arguments on appeal.

  • November 24, 2021

    As ANDA Suit Venue Options Shrink, Del., NJ Rule For Now

    One year after the Federal Circuit limited venue options for patent suits over generic drugs, a new ruling has clamped down further. But so far, most cases are still being filed in Delaware and New Jersey, the traditional hot spots for pharmaceutical litigation.

  • November 24, 2021

    Chancery Tosses Wayfair Stockholders' $535M Note Sale Suit

    Delaware's Chancery Court has dismissed a derivative class action from Wayfair Inc. stockholders over a $535 million convertible note sale from last year, finding that they failed to prove it would have been futile to bring their demands to the company's board first before filing the suit.

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Delaware

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