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Latest News in Delaware

  • December 05, 2022

    Reverse Mortgage REIT Can Draw $13M For Ch. 11

    Reverse Mortgage Investment Trust Inc. received a Delaware bankruptcy court's approval Monday to tap into $13 million of unsecured bankruptcy financing, allowing it to keep making payments on its $25.57 billion portfolio of reverse mortgages as it restructures and winds down in Chapter 11.

  • December 05, 2022

    DuPont Says It Didn't Contaminate Fla. City Well Water

    DuPont has asked a South Carolina federal court to dismiss a multidistrict litigation lawsuit brought by a Florida city that alleges the company contaminated its water wells with a firefighting foam chemical, saying that it didn't produce an ingredient linked to health problems.

  • December 05, 2022

    Catching Up With Delaware's Chancery Court

    Delaware popped the champagne on two notable retirements last week while disputes continued in court over the value of a certain rapper's cognac brand. Newly filed suits targeted Peloton, TransUnion, AT&T, Warner Bros. Discovery, and TradeStation, among others, and a vice chancellor bounced a lawsuit from a basketball legend to an outside referee.

  • December 05, 2022

    Attys Seek $10.7M For Kyocera-AVX Merger Suit Settlement

    Attorneys for stockholders who challenged electronics maker Kyocera Corp.'s $1 billion merger with AVX Corp. in a consolidated Delaware Chancery Court suit are seeking $10.7 million in attorney fees and expenses in connection with a proposed $49.9 million settlement that would bring an end to the claims.

  • December 05, 2022

    3rd Circ. 'Loss' Definition Is A Win For White Collar Defendants

    The Third Circuit's recent watershed decision in U.S. v. Banks — holding for the first time that the definition of "loss" in fraud cases does not include "intended" loss under the sentencing guidelines — may result in fewer white collar matters and smaller sentences, say attorneys at Sheppard Mullin.

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