Delaware Chancery Court News

Delaware Court Dismisses Shareholder Suit over McDonald’s Sexual Harassment Policies

A Delaware Court on Wednesday dismissed a shareholder lawsuit filed against McDonald’s Corp. and its board of directors, finding the plaintiffs did not show that the directors ignored red flags that demonstrated widespread sexual harassment was taking place. Court of …

Dell Reaches $1 Billion Settlement over Disputed 2018 Stock Swap

Dell Technologies Inc. on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The all-cash …

Boeing Investors Reach Deal to Settle Safety Lawsuit Over 737 MAX

SEATTLE/WASHINGTON — Boeing Co investors have reached an agreement with current and former company officers to settle a lawsuit over the safety oversight of the 737 MAX, two people familiar with the matter said on Thursday. The proposed settlement agreement …

TC Energy, Ex-Columbia Pipeline Execs Must Face Lawsuit Over $10 Billion Deal

WILMINGTON, Del. — TC Energy Corp and two former Columbia Pipeline Group Inc executives must defend against a lawsuit claiming the companies’ $10 billion merger in 2016 shortchanged Columbia investors, a Delaware judge ruled on Monday. Vice Chancellor Travis Laster …

Lawyer Who Helped Musk Beat Defamation Suit Takes on Tesla’s Investors

A Manhattan trial lawyer who helped Elon Musk defeat a defamation lawsuit by a British caver is now set to defend the Tesla Inc. CEO in a fight with shareholders. Alex Spiro, a partner in the New York office of …

All Tesla Directors But Musk Settle Investors’ SolarCity Suits

All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to court filings. Insurers covering Tesla’s directors and executives will foot the bill …