Cantor Fitzgerald LP CEO Howard Lutnick and others on Monday beat a nearly 4-year-old Delaware Court of Chancery derivative challenge to Lutnick-controlled BGC Partners Inc.'s $875 million acquisition of Berkeley Point Financial LLC from a Cantor affiliate in late 2017.
Delaware's Supreme Court on Wednesday affirmed a Chancery Court decision that the former CEO of 3D model maker Matterport Inc. may freely trade his 1.3 million company shares and is not bound by trading restrictions adopted in a 2021 merger with a blank-check company.
The Delaware Chancery Court has fast-tracked a dispute between the two board co-chairs of telehealth services provider UpHealth Inc., less than a year after they took on the shared role when the company went public via a three-way $1.35 billion reverse merger.
Amazon.com Inc. has already handed over enough documents for shareholders to investigate possible corporate mismanagement, and the investors haven't proved the need to see more, a Delaware Chancery Court vice chancellor ruled Wednesday.