Page 2 - Friedlander Gorris News Today

A Pittsburgh pension trust filed a shareholder derivative lawsuit against Carlyle Group, challenging a $344 million payment to founders and others.

An attorney for former unitholders of Carl Icahn-affiliated CVR Refining LP told Delaware's Chancellor on Monday that Icahn and his interests tried to keep public investors uninformed and misinformed before they were involuntarily cashed out in 2019, causing them to suffer up to $148 million in losses.

Boeing Company stockholders secured Delaware Chancery Court approval Wednesday for a landmark $237.5 million settlement of derivative claims targeting leadership and safety failures that led to catastrophic crashes of two 737 Max jetliners in 2018 and 2019, killing 346 and costing the aerospace firm about $22.5 billion.

Andre Bouchard, who retired as chancellor of the Delaware Court of Chancery earlier this year, has joined Paul, Weiss, Rifkind, Wharton & Garrison as a litigation partner in Wilmington, the firm said Monday.

An attorney for Boeing Inc. stockholders told a Delaware vice chancellor on Friday that company directors considered safety "something for other people to worry about" until after the deadly crashes of 737 Max jetliners in late 2018 and early 2019.