Chancery Questions WeWork's Flip-Flop On $3B Softbank Suit
Law360 (October 16, 2020, 10:19 PM EDT) -- Delaware's chancellor pressed attorneys for WeWork's parent company Friday to explain an abrupt reversal earlier this year of its support for suing Softbank Group over its walk-away from a $3 billion tender offer, setting up a duel over conflicting reports from independent WeWork directors.
Chancellor Andre G. Bouchard quizzed Robert S. Saunders of Skadden Arps Slate Meagher & Flom LLP, counsel to The We Company, on the issue during a teleconference argument on the company's motion to voluntarily drop a suit it once supported to enforce the deal.
The motion followed WeWork's short-term appointment of two new directors, after the suit...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!