Sidley Austin LLP | USA | 16 Jun 2022
The Delaware Court of Chancery took the old maxim “justice delayed is justice denied” to heart recently when it denied a request for a stay of…
Seyfarth Shaw LLP | USA | 16 Jun 2022
A Federal Judge Pushes Back Against a Very Similar "Mootness Fee" Petition in Federal Merger Litigation In a recent decision from the United States…
Vinson & Elkins LLP | USA | 15 Jun 2022
In the wake of the wave of special purpose acquisition company (SPAC) deal activity in recent years, SPAC-related litigation is on the rise…
Shearman & Sterling LLP | USA | 14 Jun 2022
On June 1, 2022, Vice Chancellor Lori W. Will of the Delaware Court of Chancery entered judgment in favor of defendant retail company (the…
Skadden Arps Slate Meagher & Flom LLP | USA | 1 Jun 2022
Takeaways Corporations can face a wave of stockholder actions purporting to enforce the corporations’ own legal rights, from books and records…
Skadden Arps Slate Meagher & Flom LLP | USA | 24 May 2022
In early 2020, in BlackRock Credit Allocation Income Tr., et al. v. Saba Capital Master Fund, Ltd.,1 the Delaware Supreme Court reiterated that…
Skadden Arps Slate Meagher & Flom LLP | USA | 24 May 2022
Earlier this year the United States Courts of Appeals for the Seventh and Ninth Circuits each addressed the question of whether an exclusive forum…
Skadden Arps Slate Meagher & Flom LLP | USA | 24 May 2022
For the purposes of a statutory appraisal under Delaware law, a corporation’s fair value is determined “on the date of the merger” ― in other words…
Skadden Arps Slate Meagher & Flom LLP | USA | 24 May 2022
As discussed in prior issues, Delaware courts have recently refined and limited defenses to Section 220 books and records actions. No longer does a…
Skadden Arps Slate Meagher & Flom LLP | USA | 24 May 2022
In September 2021, in United Food and Commercial Workers Union v. Zuckerberg, the Delaware Supreme Court embraced the Court of Chancery’s suggestion…