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.
Dell Inc. stockholder attorneys who won a 28 percent bump in share prices after a Delaware Chancery Court challenge to a $24.9 billion go-private buyout told Delaware’s Supreme Court late Thursday that justices should either uphold the price over Dell’s objections or take it higher.
Bankrupt iron ore mining firm Essar Steel Minnesota LLC asked a Delaware judge Friday to authorize the company to enter into agreements with the United Steelworkers aimed at stabilizing labor relations as Essar moves forward with plans to complete construction of a mine and processing facility.
Former executives of Lemon LLC told a Delaware Chancery judge Friday that a suit over intellectual property brought by LifeLock Inc. should be tossed because the same issues have been raised in a California action that has been stayed in that venue, arguing that Delaware precedent prevents overlapping litigation.
Former employees of religious hospital systems have urged the U.S. Supreme Court to uphold circuit court rulings that their former employers are subject to the Employee Retirement Income Security Act, arguing that the businesses are run as hospitals not churches, so they don’t qualify for a religious exemption.
Wind-up plans for remnants of bankrupt chemical maker Vertellus Specialties Inc. won confirmation from a Delaware bankruptcy judge on Friday, bringing the end closer for a Chapter 11 that opened with more than $650 million in financial liabilities and serious pollution burdens.