News
Moelis Founder Rights Ruling Reversed by Delaware Supreme Court
9+ hour, 52+ min ago (117+ words) Delaware's highest court on Tuesday reversed a landmark ruling that invalidated Ken Moelis's veto rights over board decisions at his investment bank. Delaware's highest court on Tuesday reversed a landmark ruling that invalidated Ken Moelis's veto rights over board decisions…...
Trump DOJ Lists Ex-Delaware GOP Chair as Acting US Attorney
2+ mon, 1+ week ago (382+ words) The Trump Justice Department has listed its pick for top prosecutor in Delaware as the acting US attorney, a sign it has effectively renewed her term after the federal court declined to select a replacement. Murray's apparent designation is part…...
Delaware Amends Family-Leave Law Ahead of 2026 Launch
5+ mon, 2+ week ago (134+ words) Delaware is modifying provisions in its family-leave law in preparation for the program's launch in 2026, under a bill effective July 30. Delaware is modifying provisions in its family-leave law in preparation for the program's launch in 2026, under a bill effective July…...
Zuckerberg’s Delaware Settlement Averts Landmark Oversight Trial
6+ mon, 2+ day ago (911+ words) Mark Zuckerberg's settlement Thursday of a $7 billion shareholder case cut short the most promising test to date for one of corporate law's most potent, yet elusive, liability theories. The case in Delaware's Chancery Court presented claims asserting a total lack…...
Tilray Wins Lower Vote Standard After Top Delaware Court Review
7+ mon, 2+ day ago (152+ words) A trial court correctly interpreted 2023 Delaware corporate law amendments that lowered certain voting standards when dismissing an investor's claims against Canadian cannabis company Tilray Brands Inc., the state's highest court ruled Wednesday. A trial court correctly interpreted 2023 Delaware corporate law…...
Delaware Top Court Set to Review Validity of Corporate Overhaul
7+ mon, 1+ week ago (150+ words) The Delaware Supreme Court agreed Wednesday to review this year's corporate law overhaul without waiting for legal questions about the changes to come up on appeal. The Delaware Supreme Court agreed Wednesday to review this year's corporate law overhaul without…...
Delaware Corporate Overhaul Should Go to High Court, Judge Says
7+ mon, 2+ week ago (140+ words) A major overhaul of Delaware's corporate laws, which set the nationwide tone for board battles and merger fights, moved closer Friday to expedited review by the state's top court. A major overhaul of Delaware's corporate laws, which set the nationwide…...
Truist Sued by Delaware Law Firm Over Fraudulent Wire Transfer
7+ mon, 2+ week ago (228+ words) Truist Financial Corp. was sued by a Delaware law firm over a fraudulent 2023 wire transfer tied to a real estate closing that led to a roughly $200,000 loss. Truist Financial Corp. was sued by a Delaware law firm over a fraudulent…...
Texas Investor Law Moves Archer Aviation to Plot Delaware Exit
8+ mon, 2+ day ago (165+ words) In the wake of Elon Musk's Tesla and SpaceX moving from Delaware to Texas, another technology-centered aviation company is considering putting its faith in the Lone Star state and its new laws aimed at attracting corporations. In the wake of…...
Anti-Activist Nomination Bylaws Return to Delaware’s Top Court
8+ mon, 4+ day ago (279+ words) Delaware's top court will take a fresh look at advance-notice board nomination bylaws after a recent ruling adopted a hands-off approach to provisions with the potential to curb shareholder activism. Delaware's top court will take a fresh look at advance-notice…...