Bankrupt reinsurance firm Scottish Holdings Inc. received court approval Monday in Delaware for a plan sponsorship offer worth nearly $10 million more than an initial stalking horse bid previously approved by the court.
China-based investors in a specialty camera company that reportedly agreed to sell its assets to Google for $25 million in March sued for access to the business' books and records late Friday, alleging that they were wrongly denied documents needed to assess its deal and conduct.
A Florida federal judge slapped a controlling shareholder in a Chilean wine company with a $28.7 million judgment Monday, after finding for a Delaware-based investor in its dispute seeking to confirm an arbitration award stemming from the soured business venture.
Uber’s past and current top brass asked the Delaware Chancery Court to dismiss a derivatives suit over the $680 million acquisition of OttoMotto, an ex-Google engineer’s self-driving car startup, that landed Uber in a trade secrets row, saying the suit was filed by a “disgruntled” ex-employee with ulterior motives.
A Delaware bankruptcy judge on Friday rejected the bids of three former Easton Baseball/Softball executives to get hundreds of thousands of dollars’ worth of bonuses that they signed away during the asset sale and restructuring of Performance Sports Group Inc.
Attorneys for a proposed nationwide class of victims alleging sexual assault and harassment by filmmaker Harvey Weinstein urged a Delaware bankruptcy judge Friday to lift a Chapter 11 stay shielding The Weinstein Co. from a federal racketeering suit, branding some of the studio’s opposition as mockery.
A year after President Donald Trump announced he was reversing his predecessor’s commitment to the Paris Agreement aimed at lowering climate change-causing greenhouse gas emissions, a coalition of 17 governors reaffirmed on Friday that they wanted to push toward the deal’s goals anyway.
Shareholders of Dr Pepper Snapple Group Inc. do not have appraisal rights in the proposed $21 billion merger of the company with Keurig Green Mountain Inc., after a Delaware Chancery Court judge ruled Friday that Dr Pepper itself is not a party to the deal.
An arbitration dispute sidelined a cryptocurrency hedge fund investor’s Delaware Chancery Court bid for access to the fund’s books and records Friday, after a vice chancellor ruled that an arbitrator should first determine whether the issue is an “arbitrable” matter to begin with.
The litigation trust created under the Chapter 11 plan of offshore oil driller Paragon Offshore PLC argued Friday to keep its adversary action against former parent company Noble Corp. in the Delaware bankruptcy court, saying the company’s plan reserves jurisdiction for prosecution of its claims.
The Rockport Co. LLC’s unsecured creditors objected Friday to proposed protections in the footwear maker’s agreement with a stalking horse bidder, saying a $4.5 million breakup fee and $2 million expense reimbursement aren’t appropriate because they’d be due even if the bidder killed the deal, forcing the debtor to liquidate.
A CBS Corp. investor sued controlling stockholder Shari Redstone and National Amusements Inc. in Delaware’s Chancery Court Thursday, accusing them of wrongly blocking a CBS share dividend that would have given more stockholders voting rights while diluting Redstone’s control.
Medley Capital LLC filed suit in Delaware Chancery Court Thursday demanding that investment funds CK Pearl Fund Ltd. and CK Pearl Fund LP pay $380,000 in outstanding costs for its defense against claims in a New Jersey court case that Medley intentionally overvalued CK Pearl’s assets in an effort to boost its own fees.
Bankrupt guitar maker Gibson Brands Inc. received final approval Thursday in Delaware for its $135 million post-petition financing package after a week of negotiations with its secured lenders and noteholders.
A Hertz Global Holdings Inc. investor has sued the rental company's directors, CEO and former CEO in Delaware's Chancery Court, seeking damages and reforms on the company's behalf for alleged management failures that led to a multiyear financial restatement.
A trio of Democratic senators on Thursday asked the U.S. Environmental Protection Agency’s internal watchdog to look into whether Scott Pruitt, who leads the agency, flouted federal regulations by having one of his top aides help him hunt for housing.
An attorney has told the Third Circuit that she cannot be held vicariously liable for the alleged negligence of her lawyer husband in botching a former Wakefern Food Corp. employee’s wrongful termination suit against the business, because that client did not rely on the couple’s purported legal partnership in retaining her husband's services.
The Third Circuit declined Wednesday to revisit a decision that made three Citgo units liable for most of a $100 million-plus oil spill judgment, keeping in place a ruling that said the refiner must repay the federal government for cleaning up the pollution.
The Third Circuit has ruled that an El Salvadoran immigrant's due process rights were not violated after his lawyer failed to show up to one of his hearings, saying the Fifth Amendment does not grant unauthorized immigrants the right to counsel during all immigration proceedings.
A large investor of AmTrust Financial Services Inc. filed a petition Wednesday in Delaware state court demanding an inspection of corporate books and records to investigate whether the $13.50 per share being offered by AmTrust's controlling shareholders in a take-private transaction is fair value for its holdings.
The Renewable Fuel Standard has been the center of sustained policy discussion and resulting uncertainty during the first year of the Trump administration. Joel Beauvais and Steven Croley of Latham & Watkins LLP analyze recent developments with a focus on the legal framework and implications for the RFS program.
Among the proposed amendments to Rule 23 of the Federal Rules of Civil Procedure, which are scheduled to take effect Dec. 1, are specific requirements related to “front-loading.” They outline the process for seeking preliminary court approval of class action settlements and related notice plans, say Shandarese Garr and Niki Mendoza of Garden City Group LLC.
How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.
Based on a California federal judge's recent decision in City of Los Angeles v. Sessions, prohibiting the U.S. Department of Justice from using a locality’s cooperation on immigration enforcement to determine eligibility for grants, it appears the Trump administration’s "sanctuary" city initiatives are likely to remain tied up in or blocked by litigation, says Jeffrey Gorsky of Berry Appleman & Leiden LLP.
One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.
In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.
Preemption must be kept in mind as one approaches any medical device litigation; however, it need not be feared. Despite what some observers may say, the preemption shield is not as large as it might seem, and plaintiffs attorneys can still preempt the preemption defense with careful planning, say Kip Petroff and Caio Formenti of the Law Office of Kip Petroff.
Device companies defend their products by pointing to surgeons’ off-label uses, as if that shields companies from product liability. But courts are increasingly looking carefully at the facts surrounding allegations of noncompliance with the conditions companies agreed to when obtaining premarket approval, say Kip Petroff and Caio Formenti of the Law Office of Kip Petroff.
The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.
The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.