Page 9 - Delaware Code News Today

Former shareholders of mall operator GGP Inc. pressed Delaware's Supreme Court on Tuesday to reverse a Chancery finding that a dividend payout ahead of the company's $9.25 billion acquisition by Brookfield Property Partners LP did not violate their appraisal rights.

Stockholders of Layer1 Technologies Inc. have sued the San Francisco-based Bitcoin mining company in Delaware, saying they need to investigate potential mismanagement involving asset transfers to Switzerland and a supply agreement with a Shanghai firm that may have hurt stockholders.

Stockholders of Layer1 Technologies Inc. have sued the San Francisco-based Bitcoin mining company in Delaware, saying they need to investigate potential mismanagement involving asset transfers to Switzerland and a supply agreement with a Shanghai firm that may have hurt stockholders.

The Delaware Supreme Court said the state Division of Revenue exceeded its authority when it disallowed Verisign Inc.'s claims of large net operating losses in 2015 and 2016, invalidating a long-standing operating loss policy.

A pair of opinions released by the Delaware Supreme Court in a single week have revisited longstanding precedent governing shareholder suits that claim corporate wrongdoing.

On Friday September 17, 2021 Delaware Governor John Carney signed three unique bills all seeking to tackle different environmental issues, Senate Bills 2, 21, and Senate Substitute 1...

Shareholders can sue a corporation if there are wrongdoings from its directors that aren't in line with their fiduciary duty. JulieanneBirch/Getty

To embed, copy and paste the code into your website or blog: The Delaware Supreme Court has issued two decisions over the past year that provide important guidance about directors’ and officers’ (D&O) liability insurance coverage. In RSUI Indemnity Company v. Murdock, the Supreme Court affirmed decisions holding that losses due to the fraudulent actions of an officer or director of a Delaware corporation are insurable under Delaware law. As part of its analysis, the Supreme Court conducted...

Friday, March 12, 2021 Editor’s note: Ashley Murray did not respond to a request for comment for this story. The story has been updated to include Murray’s response via comments on Cape Gazette’s Facebook page. The Cape Gazette published all submitted letters to the editor in favor of Murray’s candidacy. Despite a signed admission that she violated Delaware Code and nursing board regulations by stealing narcotics from patients, Ashley Murray remains a candidate for the Cape school board...

Clean water bill passes House The Clean Water for Delaware Act unanimously passed the House April 1 and now moves to the Senate. HB 200 establishes a framework for planning and projects to improve the quality of the states water supply and waterways. A Delaware Clean Water Trust account will be created as a funding source for executing projects; it will be overseen by a Clean Water Trust Oversight Committee. The bill awaits action in the Senate Environment & Energy Committee. Automatic voter re...