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News
New Justice Confirmed to State’s Highest Court: Delaware Brief
2+ mon, 1+ week ago (95+ words) Bloomberg Law News Zurn Confirmed to Delaware Supreme Court The Delaware Senate confirmed Morgan T. Zurn, one of the longest-serving judges at the state’s premier business tribunal, to its highest court, Jennifer Kay reports. Zurn will succeed Justice Karen L. Valihura…...
Delaware Top Court Nominee Offers Relief From ‘Tempestuous Era’
3+ mon, 3+ day ago (125+ words) Bloomberg Law News Elon Musk’s billions are no longer Delaware’s problem. Last year’s contentious statutory overhaul is settled law. And the state’s top court has a consensus nominee. Maybe, after years of false starts, America’s corporate capital finally has a…...
Delaware Governor Names Chancery’s Zurn for Top State Court (2)
3+ mon, 1+ week ago (84+ words) Bloomberg Law News Delaware Gov. Matt Meyer nominated Friday a judge from the state’s elite business court to fill an upcoming vacancy at the state’s highest court. Vice Chancellor Morgan T. Zurn, if confirmed by the state senate, would fill…...
Delaware Supreme Court Upholds Remedy for Cannabis Firm Founders
3+ mon, 1+ week ago (98+ words) Bloomberg Law News The Delaware Supreme Court affirmed Wednesday the rescission of a stock conversion at a struggling cannabis accessories company founded by four friends who ended up fighting over equity and job responsibilities. The court’s one-page order doesn’t explain…...
Delaware Rulings Point to Governance Litigation’s Ideal Window
3+ mon, 1+ week ago (731+ words) Timing is everything—in life and in Delaware. Delaware Supreme Court decisions issued this year have invoked timing to dismiss stockholder challenges to governance arrangements, with one case finding the dispute unripe and another finding the dispute untimely. These rulings…...
Corporations Have the Right to Vote in Delaware Town, Judge Says
3+ mon, 2+ week ago (113+ words) Bloomberg Law News Corporations, partnerships, trusts, limited liability companies, and other “artificial entities” have the right to vote in Delaware elections under some circumstances, a judge said in a novel ruling Tuesday. Judge Craig A. Karsnitz rejected an ACLU challenge…...
Delaware Recusal Bids Look More Like Odd Blip Than New Normal
3+ mon, 3+ week ago (101+ words) Bloomberg Law News Rumors of a judicial recusal crisis in Delaware’s Chancery Court appear to have been greatly exaggerated. After Elon Musk wielded bias allegations to get his final Delaware cases reassigned, it was only natural the aggressive maneuver by…...
Tesla Investors Look to Revive Final Delaware Cases Against Musk
4+ mon, 6+ hour ago (69+ words) Bloomberg Law News Just when Elon Musk thought he was out, a group of Delaware lawyers pulled him back in. Tesla Inc. investors asked the state’s top court Wednesday to revive the final lawsuits filed against the billionaire before he…...
Musk Texas Gambit Works, Leaving Delaware to Pick Up the Pieces
4+ mon, 4+ week ago (978+ words) Elon Musk may finally be done with Delaware. Almost. The messy split between the world’s richest person and America’s corporate capital cleared another hurdle this week when a judge dismissed the last Tesla Inc. investor lawsuits filed in Delaware, effectively…...
Cross-Border Bankruptcies Get More Leeway With Delaware Ruling
5+ mon, 6+ day ago (114+ words) Bloomberg Law News Cross-border bankruptcy filers have a clearer path to import restructuring tools into the US after a Delaware federal judge reinforced that foreign proceedings aren’t required to adhere to domestic laws. US courts have rejected government agencies’ arguments…...