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Carlyle Group sued by Pittsburgh pension fund over tax rights related to IPO - Vimarsana News

Carlyle Group sued by Pittsburgh pension fund over tax rights related to IPO

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

Icahn's CVR Deal Exploited Unaware Investors, Chancery Told - Vimarsana News

Icahn's CVR Deal Exploited Unaware Investors, Chancery Told

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.

Source: law360.com
Chancery OKs Record $237.5M Boeing 737 Max Damage Deal - Vimarsana News

Chancery OKs Record $237.5M Boeing 737 Max Damage Deal

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.

Source: law360.com
Delaware Chancery Court's Bouchard lands at Paul Weiss - Vimarsana News

Delaware Chancery Court's Bouchard lands at Paul Weiss

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.

Boeing Board Accused Of Safety Neglect In Chancery 737 Suit - Vimarsana News

Boeing Board Accused Of Safety Neglect In Chancery 737 Suit

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.

Source: law360.com