CBS Corp. asked a Delaware judge on Wednesday to bless a move by its board to dilute the stock voting power of its controlling shareholder, the latest step in an ongoing legal battle for control of the mass media company.
Read moreThe Delaware Chancery Court refused to dismiss shareholder claims stemming from Tesla’s controversial acquisition of SolarCity, finding it conceivable that CEO Elon Musk, a controlling stockholder of both companies, unduly influenced the board’s decision.
Read moreA small San Francisco investment firm claims Kentucky is trying to unlawfully wrest control of funds the firm manages in the state’s troubled public pension system.
Read moreA Delaware judge ruled that a majority of Oracle’s board is not independent enough of CEO Larry Ellison to make an unbiased decision whether or not to sue Ellison for allegedly pushing Oracle to overpay for cloud computing firm NetSuite, which Ellison substantially owned.
Read moreRemington Arms Co., the company that manufactured the Bushmaster AR-15-style rifle that was used in the Sandy Hook shooting, filed for bankruptcy Sunday as gun sales slump.
Read moreIn an appraisal action, the Delaware Chancery Court found that AOL’s fair value when it was acquired by Verizon was actually three percent below the $50-per-share consideration received by shareholders.
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In a haste to find a buyer just four months after emerging from bankruptcy, oil and gas company Stone Energy Corp. executives agreed to a sale to Talos Energy LLC without properly exercising other options, investors claim in a class action.
Read moreClear Channel shareholders brought a derivative class action over the $1 billion that the broadcast giant loaned to iHeartMedia, saying the aid was given at “far-below-market interest rates” despite Clear Channel’s own $20 billion debts.
Read moreFormer American Apparel CEO Dov Charney breached the terms of a $20 million deal with a hedge fund designed to help him regain control of the company after being suspended for misconduct, the Delaware Chancery Court ruled.
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Gun enthusiasts are applauding the Delaware Supreme Court for throwing out a law that bans firearms in state parks and forests
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Energy Transfer Equity is not entitled to a $1.5 billion termination fee after scuttling a $33 billion merger with Williams Cos., the Delaware Chancery Court ruled.
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A federal judge in Delaware dismissed a shareholder action challenging the Federal Housing Finance Agency’s authority to divert Fannie Mae and Freddie Mac’s future profits to the U.S. Treasury as a condition of the mortgage giants’ $188 billion bailout during the 2008 financial crisis.
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The Delaware Chancery Court dismissed a shareholder derivative lawsuit that challenged Viacom’s payment of $13 million in bonus money and salary to founder and longtime chairman Sumner Redstone.
Read moreA Delaware judge ruled from the bench Wednesday that a major Uber investor must arbitrate its explosive claims against the ride-share’s former CEO Travis Kalanick.
Read moreA Delaware judge ruled that Sprint did not breach its fiduciary duty to shareholders when it paid $5 per share to acquire the remaining half of Clearwire’s equity it did not already control when the companies merged four years ago.
Read moreDelaware’s attorney general sued the Nemours Foundation claiming that it is squandering money intended to benefit needy children and the elderly in his state.
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Taking the Grinches at the Delaware Lottery to court, a man wants the state to honor the five jackpot tickets he won, worth $1 million each, before Christmas 2015.
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