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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.