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No. 533, 2018 (Del. June 19, 2019), in which the Delaware Supreme Court reversed a lower court’s dismissal of a stockholder lawsuit against the members of the board of directors and two officers of Blue Bell Creameries, the court’s Chief Justice Strine wrote the court’s unanimous opinion that the justices hold the board of directors ...
Unocal v. Mesa Petroleum Co., 493 A.2d 946 (Del. 1985) [1] is a landmark decision of the Delaware Supreme Court on corporate defensive tactics against take-over bids. Until the Unocal decision in 1985, the Delaware courts had applied the business judgment rule, when appropriate, to takeover defenses, mergers, and sales.
WILMINGTON, Delaware (Reuters) -A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric ...
It is one of Delaware's three constitutional courts, along with the Supreme Court and Superior Court. Since 2018, the court consists of seven judges. Since 2018, the court consists of seven judges. The court is known for being a hub for corporate governance litigation in the United States, as two-thirds of Fortune 500 companies are incorporated ...
In addition to the cases in Delaware, the drugmakers are facing about 4,000 claims in California state court and about 2,000 in various other state courts around the country.
A Delaware judge on Tuesday dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark ...
The plaintiffs appealed, but the Supreme Court of Delaware affirmed the decision of the Court of Chancery. [9] Justice Jacobs of the Delaware Supreme Court wrote the opinion for the court, and there were no dissents. Jacobs grouped the various allegations on appeal into two categories: claims against Ovitz and claims against the Disney defendants.
“This court agrees with the majority of courts on this issue,” wrote Williams, declaring that Delaware’s regulations permit viewpoint discrimination and are unconstitutionally overbroad and ...