News
Delaware Judge Tosses Biotech Exec.'s $700 M Suit Over Failed IPO
13+ hour, 25+ min ago (279+ words) A Delaware judge dismissed a former Aurion Biotech executive's challenge to a stockholder's alleged takeover of the company, finding he failed to plausibly allege that defendants caused the abandonment of the planned IPO. A Delaware Chancery Court judge has dismissed…...
Georgia or Delaware? Appellate Court Weighs Jurisdiction Over Insurance Liquidation
2+ week, 5+ day ago (286+ words) The appellant argued that the Georgia Insurance Liquidation Act prioritizes administrative expenses, policyholders and medical providers over an insurer's creditors'if the liquidation proceeds are distributed in Delaware, that order of priority will be turned on its head. A dispute over…...
Delaware Excellence Attorney of the Year Q&A'Michael Barlow, Quinn Emmanuel
2+ week, 6+ day ago (118+ words) Excellence has always required the same things: preparation, judgment, and the ability to perform when it matters most. The lawyers who excel today are the ones who have been in c. .. Delaware Excellence Attorney of the Year Q&A'Michael Barlow, Quinn…...
Reining in Transactional Exclusions: Delaware Courts Narrow D&O Coverage Bars and Raise the Burden on Insurers
3+ week, 1+ day ago (182+ words) Recent Delaware decisions reinforce a trend that policyholders and coverage practitioners have increasingly sensed over the last several years: courts are becoming less receptive to insurer efforts to apply transaction-related exclusions beyond their text and are requiring insurers to carry…...
NJ's Am Law 200 Firms Blow Past National Growth Margins, Buoyed by Mergers and Litigation
1+ mon, 3+ week ago (180+ words) A quartet of Garden State law firms saw big jumps in rank and revenue in the Am Law 200. Four Garden State law firms listed in this year's Am Law 200 rankings saw a rise in placement and revenue generation, with merger…...
Delaware Supreme Court Upholds Dismissal of Challenge to Advance Notice Bylaw
2+ mon, 1+ day ago (274+ words) The appeal involved two cases, both raising the same issue: whether shareholders can challenge advance notice bylaws they say are defensive and entrenching in the Court of Chancery if those shareholders don't intend to nominate a director and haven't shown…...
Delaware Supreme Court Confirms Facial Constitutionality of Fiduciary Safe Harbors in DGCL Overhaul
2+ mon, 1+ day ago (202+ words) Delaware courts have long refused to second-guess corporate management's decision-making when it is disinterested, but applied close scrutiny when management operates in the presence of a conflict of interest. As a result, much of Delaware case law has centered around…...