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Snap Will Add Independent Director to Settle Investor Claims

A settlement to end investor litigation alleging Snap Inc. pushed a scheme to give its co-founders perpetual control of the company finally received approval from a Delaware court.

FAST Acquisition $12 5M to settle Landry s-deal SPAC litigation

This Week in Chancery Court: Snap, Nikola, Pivotal s Fair Value

The chief judge of the Delaware Court of Chancery has a significant amount of briefing before her this week in lawsuits involving Sirius XM Holdings Inc. buying back stock and claims of a “pump and dump” scheme at electric vehicle startup Nikola Corp.

Snap Settlement Delayed as Delaware Judge Demands More Details

A Delaware judge questioned Thursday whether the class definition was too broad in a proposed settlement to end investor litigation alleging Snap Inc., the pioneer in mobile chat and photo-sharing features, was pushing a scheme to allow its co-founders to keep perpetual control of the company.

Hyzon Motors, SPAC Merger Complaint May Proceed, Judge Says

Leaders and backers of a blank-check company that merged with Hyzon Motors Inc. in 2021 must face an investor’s claims they overstated the hydrogen-fuel-cell vehicle maker’s customer base and financial health, a Delaware judge ruled Monday.

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