The Court of Chancery’s decision in In re Match Group, Inc. Derivative Litigation1 is the latest example of how the Delaware Supreme Court’s watershed 2014 decision in Kahn v. M & F.
A tentative $26.9 million settlement has been reached in a two-year-old Delaware Chancery Court derivative suit accusing the former controlling investors and certain directors of global cannabis company Tilray Inc. of lining up a merger that unfairly favored the company's private equity founders, according to a letter Monday.
A motion to reargue in the Delaware Court of Chancery “may be served and filed within 5 days after the filing of the Court’s opinion or the receipt of the Court’s decision.” Court of.
Delaware's newest vice chancellor ordered reargument Friday for three dismissal motions in cases left unsettled after the early retirement of former Chancellor Andre G. Bouchard, including a complex Kraft Heinz Co. derivative suit targeting an alleged $1.2 billion insider trade and $16 billion stock plunge.
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Retiring Del. Chancellor Makes TransPerfect Pay $3.2M In Fees
Law360 (May 3, 2021, 4:12 PM EDT) Comparing his effort to cleaning up a mess made by pizza thrown at a wall, Delaware s seemingly exasperated outgoing chancellor ordered TransPerfect Global Inc. and its co-founder to pay $3.2 million in fees to a court-appointed custodian who spent years mired in legal fights over the company s sale.
Retiring Delaware Chancellor Andre G. Bouchard, in one of his last acts before stepping down, ordered global translation company TransPerfect and co-founder Philip Shawe to pay custodian Robert B. Pincus fees and expenses totaling more than $3.2 million in a caustic opinion issued Friday.