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13 May 2024, 6:41 am by Dan Bressler
” “Delaware Supreme Court Holds MFW Inapplicable Based on Banker Conflict Disclosure Deficiencies” — “The Delaware Supreme Court has reversed a Court of Chancery decision dismissing challenges to the acquisition of Inovalon Holdings, Inc. by a consortium led by Swedish private equity firm Nordic Capital in a decision demonstrating the importance of disclosure of financial advisor conflicts in order to obtain the benefit of business judgment rule review… [read post]
8 Apr 2024, 4:22 am by Peter Mahler
Delaware law, for example, does not authorize a claim for judicial dissolution of a close corporation based on shareholder oppression. [read post]
18 Mar 2024, 4:32 am by Peter Mahler
The Appellate Division last week in Behler v Tao (read here) affirmed the order below in a 3-2 decision featuring a majority opinion authored by Presiding Justice Sallie Manzanet-Daniels, applying what she labels “explicitly contractarian” Delaware LLC law “sometimes leading to harsh results,” and a dissenting opinion authored by Justice Ellen Gesmer exalting “basic principles of contract law and fundamental fairness. [read post]
12 Feb 2024, 4:04 am by Peter J. Sluka
Services, Inc. v Jupiter Partners, L.P., 309 AD2d 288, 300 [1st Dept 2003]). [read post]
1 Feb 2024, 5:59 am by Unknown
The Grant came with a five-year hold period during which Musk would be unable to sell his stock. [read post]
23 Jan 2024, 9:01 pm by renholding
2023 delivered a banner year for investor recoveries, as the $7.9 billion[1] in settlement funds across the globe was the highest total in the last five years. [read post]
18 Dec 2023, 2:48 pm by CFM Admin
This enforcement action comes just months after Kraken agreed to cease offering or selling securities through its staking service and pay a civil penalty of $30 million, as described further in Notable Regulatory & Other Items from 2023, below. [read post]
29 Nov 2023, 4:02 am by Andrew Lavoott Bluestone
“If the language of a release is clear and unambiguous, the signing of a release is a jural act binding on the parties” (Nucci v Nucci, 118 AD3d at 763; see Booth v 3669 Delaware, 92 NY2d 934, 935; Mangini v McClurg, 24 NY2d 556, 563). [read post]
15 Nov 2023, 3:56 am by Barry Barnett
Louis from 2015-22 and awards $1,785,310,872 in overcharge damages. https://www.linkedin.com/posts/barry-barnett-8313014_burnett-v-natl-assn-of-realtors-verdict-activity-7125211587996442625-XMFc? [read post]