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Basho Suit Stays On Course Despite Defense Counsel Chaos

Law360, Wilmington (April 27, 2017, 9:57 PM EDT) -- Despite an abruptly splintered defense counsel lineup, a Delaware vice chancellor set tight new deadlines Thursday in a long-delayed suit involving claims Basho Technologies Inc. directors had a part in sabotaging the promising tech business to wrest control of it.

During the same hearing, Vice Chancellor J. Travis Laster stopped short of imposing sanctions against recently retained law firms, including Cozen O'Connor, after Drinker Biddle & Reath LLP withdrew as defense counsel for lead Basho investor Georgetown Basho Investors LLC., an allied firm and five individuals with director or officer ties to the case.

Drinker Biddle had represented those sued by...

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