The First Department on Tuesday affirmed dismissal of a derivative action brought on behalf of Credit Suisse Group AG, rejecting the plaintiff's challenge to a forum non conveniens ruling and finding Switzerland the appropriate venue for claims arising...
A federal judge in San Francisco denied a motion to transfer a single claim in an equity dispute over an AI startup to Delaware, ruling that splitting the case would create piecemeal litigation, while dismissing the plaintiff’s fraud and declaratory...
A federal judge in Manhattan ruled that a former corporate officer who built a pet-supplement company into a multimillion-dollar business holds no ownership rights to the brand, granting in part a preliminary injunction for the company he helped dissolve.
A federal judge in the Eastern District of Pennsylvania ruled that former Exocel Bio Inc. CEO Patrick Retif is not entitled to indemnification or legal fee advances while the company's trade secret lawsuit against him remains pending.
The Delaware Supreme Court affirmed a lower court order compelling Gabb Wireless to honor a stock purchase agreement with AIM Ventura Capital Fund, rejecting the company's attempt to void the deal.
A Delaware Court of Chancery opinion clarifies that an employee’s breach of confidentiality does not automatically trigger LLC agreement breaches when the conduct was taken in an employment capacity.
A Delaware Court of Chancery judge denied Centurion Equity Inc.’s motion for leave to file supplemental briefing, ruling that the buyer’s new counsel could not use public policy arguments to relitigate issues already addressed in extensive briefing and oral...
The Delaware Court of Chancery denied cross-motions for summary judgment in a dispute between former Toku executive Benjamin Snipes and his former employer, ruling that a factual question remains over whether Snipes held a covered officer position and that...
A Delaware Chancery Court ruling Thursday held that a 26.4% stockholder in Footprint International Holdco, Inc. did not exercise transaction-specific control over the company’s board, dismissing a breach of fiduciary duty claim against the investor.
A Manhattan judge halted a vote scheduled for the next day that would have stripped the International Tennis Federation of its seat on the WTA Board.
A federal judge granted summary judgment to a secured lender in a class action over the abrupt shutdown of a struggling textbook distributor, but left open whether the company's parent entity can be held liable for failing to provide 60 days' notice under...
The Seventh Circuit vacated a Tax Court decision regarding Hyatt Hotels Corporation’s loyalty program, holding that the court failed to properly apply the "claim of right" doctrine when determining whether funds contributed to the program constituted...
A divided California Court of Appeal panel vacated a nearly $21 million arbitration award against real estate fund managers, holding that the standing of the purported liquidating trustees who brought the case remains unresolved and must be tested at an...
The United States Judicial Panel on Multidistrict Litigation has transferred additional antitrust lawsuits alleging misconduct in the fire apparatus market to the Eastern District of Wisconsin for coordinated pretrial proceedings.
A federal judge in the Eastern District of Texas overhauled the leadership structure in a consolidated shareholder derivative suit against Globe Life Inc., appointing Plymouth County Retirement Association as lead plaintiff and Scott+Scott Attorneys at Law...
A federal judge in Maryland rejected a former government contracting firm’s trade secret and conversion claims against its ex-president and his cousin’s company, but allowed a core fiduciary duty claim to proceed to trial.