Delaware justices to decide if New York ruling leaves door open for new Lululemon suit?

Jan 20, 2017 By: Frank Reynolds

After hearing oral argument Jan. 18, Delaware’s Supreme Court must decide whether a New York federal judge’s ruling in a shareholder suit

‘Revolution’ allows in-house lawyers to be partners and guardians, ex-GE general counsel says

Nov 21, 2016 By: Frank Reynolds

A corporate “revolution” is making in-house counsel independent from CEOs and directors so they can be both a partner to management and a guardian for shareholders.

Appeals ask Delaware high court to let new plaintiffs take up derivative suits

Sep 30, 2016 By: Frank Reynolds

Investors in Wal-Mart Stores and Lululemon Athletica have asked Delaware’s Supreme Court to revive their breach-of-duty suits and reinterpret a rule that

D&O conference tallies cost of Delaware law, regulatory enforcement changes

Jul 29, 2016 By: Frank Reynolds

Delaware court decisions that raised the bar for merger challenges last year and a new government regulatory enforcement strategy targeting corporate officers have increased D&O insurance costs and complexity, speakers said at a July 26 conference in New York.

Ex-execs with legal fees can’t go to front of creditor line, Delaware high court says

Jun 13, 2016 By: Frank Reynolds

Two former officers of the now-defunct Silicon Valley Innovation Co. cannot “jump ahead in the queue” of other creditors to recover $1

Delaware justices find allegedly duped Citigroup investors have ‘direct’ claim

May 26, 2016 By: Frank Reynolds

Shareholders who claim Citigroup deceived them into holding on to their stock by misrepresenting its exposure to risky mortgage-backed securities can sue

New judge, same result on start date for ex-officers’ ‘fees on fees’ eligibility

Apr 18, 2016 By: Frank Reynolds

A newly seated Delaware Chancery Court judge has refused to change his predecessor’s ruling that industrial cleaning services provider USES Corp. must

Delaware high court justices not convinced Imperva directors were beholden to ‘Midas touch’ CEO

Mar 11, 2016 By: Frank Reynolds

Dissident Imperva Inc. investors have failed to persuade Delaware’s high court to revive charges that their directors rubber-stamped a bad buy of Skyfence Networks in order to stay in the inner circle of data security firm Imperva’s “Midas touch” CEO Shlomo Kramer.

Delaware high court won’t restart suit over GM ignition switch debacle

Feb 10, 2016 By: Frank Reynolds

Dissident General Motors investors tried to persuade the Delaware Supreme Court on Wednesday to give them another chance to prove the automakers’ directors negligently relied on a defect reporting system that failed to alert them to deadly ignition switch flaws for five years.

Delaware justices bar AbbVie shareholder’s records search over ‘inversion merger’

Jan 22, 2016 By: Frank Reynolds

Delaware’s high court has endorsed a 2015 ruling that barred a dissident AbbVie Inc. shareholder from investigating the drugmaker’s costly, ill-fated bid