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Current Bounds on Books and Records Demands | Skadden, Arps, Slate, Meagher & Flom LLP

For decades, Delaware courts have encouraged stockholders to use the “tools at hand” before initiating lawsuits by obtaining corporations’ books and records through 8 Del. C. § 220. ....

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Is It Game Over for PlayStation Store Antitrust Suit? | White & Case LLP

The recent dismissal of an antitrust case against Sony relating to the sale of digital video games on the company's PlayStation Store could shed light on the viability of. ....

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9th Cir. Reverses Remand of CAFA Removal Due to Errors in Calculating Amount in Controversy

The U.S. Court of Appeals for the Ninth Circuit recently held that a trial court erred in its amount in controversy analysis in determining… ....

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In Verizon Decision Careful Review of Insurance Policies Expands Coverage | Farella Braun + Martel LLP

In Verizon Communications Inc. v. National Union Fire Insurance Co. of Pittsburgh, Pa. the Delaware Superior Court ruled that Verizon was entitled to a defense under its D&O policy for. ....

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Recent SPAC Shareholder Suits In New York State Courts: The Beginning Wave Of SPAC Litigation - Corporate/Commercial Law

Key Points
Between September 2020 and March 2021, at least 35 SPACs have
been hit with one or more shareholder lawsuits filed in New York
state court.
These lawsuits generally allege that SPAC directors breached
their fiduciary duties to shareholders by providing allegedly
inadequate disclosures regarding proposed de-SPAC mergers. Some of
these lawsuits also assert claims against the SPAC itself, as well
as the target company and its board of directors, for allegedly
aiding and abetting the SPAC directors breaches.
Although these cases are in their early stages and assert
claims that are limited in scope, they signify that the
plaintiffs bar is actively monitoring and pursuing SPACs. As ....

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