Wait ... this is unusual. According to a piece by Tom Hals of Reuters , the lead plaintiff - not his
lawyer, but the lead plaintiff himself - is opposing settlement of the
shareholder litigation in the J Crew transaction. The J Crew MBO was on the
Back in the summer, there was a 'to-do' about the Massey
shareholder litigation. You'll remember that shareholders brought a derivative
suit against the directors for violations of their fiduciary duties in the
running of the company that...
I've been giving some more thought to the recent
challenge by the Delaware Open Government Coalition to Delaware's new
arbitration procedure. It's a very interesting issue and won that I think
Delaware is ultimately going to lose. I don't...
Carney and Shepard have a new paper, Lawyers, Ignorance, and the Dominance of Delaware Corporate Law ,
which seems intuitively correct. One reason why Delaware has been able to
maitain its preeminent position with respect to the corporate law is that...
Apparently the various groups of potential bidders
(strategics and private equity) for Yahoo! are balking at signing the NDA
Yahoo! has offered up to them. According to Reuters , what's causing the consternation is
the "no cross-talk"...
In an example that not all transaction-related litigation
is created equally, Reuters is reporting Del Monte and Barclays have agreed to a
settlement in the pending challenge to the Del Monte transaction. You'll
remember that Vice Chancellor Laster's...
No surprise. The first derivative suit against HP
and its board of directors was filed in the Central District of California.
Here's the complaint: Espinoza
v. Leo Apotheker et al . It was filed on Wednesday - before Apotheker
was fired. So it's...