Delaware's Chancery Court has cut direct stockholder damage claims from a suit challenging a 10-year stock incentive plan worth tens of billions of dollars to Tesla Motors Inc. founder and CEO Elon Musk, and dismissed Musk's brother and another Tesla director from counts that remain.
On October 13, 2021, Vice Chancellor Joseph R. Slights of the Delaware Court of Chancery denied a request for injunctive relief in a stockholder action against the board of CytoDyn (the.
An attorney for McDonald's Corp. stockholders urged a Delaware vice chancellor to approve a deeper dive into top-level corporate books and records Tuesday, citing intertwined complaints against two top officers and broader claims of a sustained, "rotten" company culture of discrimination and sexual harassment.
Judge sides with Vancouver, Wash -based CytoDyn against Portland-led activist shareholder group mounting proxy fight bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
An attorney for a private equity venture accused of misleading investors who paid $295 million for a now-insolvent agricultural commodity business told a Delaware vice chancellor Monday that the new owners can't justify nullification of an arbitral order to pay seller defense costs.