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...

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