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SEC Settles First-Of-Its-Kind $13m DeFi Tech Action | Goodwin
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ADVERTISEMENT Mixed Bag Chancery Ruling Keeps Utah Mine Suit Alive
Law360 (July 29, 2021, 7:05 PM EDT) In what he called a mixed bag ruling, a Delaware vice chancellor moved toward trial some counterclaims in a sprawling Chancery Court battle over an alleged international loan-to-own scheme dating to 2013 and focused on a $600 million Utah copper mine.
In a 60-page opinion filed late Wednesday, Vice Chancellor Joseph R. Slights III said that much of the case filed by Sky Mineral Partners LLC and its equity investors landed too late to survive under statutes of limitations, but some counts survived.
Retained counterclaims included one party s tortious interference with a contract allegation and others tied to claims that minority.
Tesla Stock Gains Flagged As Missing Point In Chancery Trial
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Tesla Stock Gains Flagged As Missing Point In Chancery Trial
Law360 (July 23, 2021, 7:13 PM EDT) Testimony on Tesla s meteoric stock price increase after its more than $2 billion acquisition of rooftop solar company SolarCity Corp. in 2016 drew an objection Friday in a Delaware Chancery stockholder suit seeking damages from CEO Elon Musk for his allegedly conflicted role.
A Tesla sedan awaits a buyer at a Colorado dealership. (AP Photo/David Zalubowski)
The stir followed Vice Chancellor Joseph R. Slights III s quizzing of a Tesla witness on how synergy expectations figured into a vote on the combination of Tesla s electric car and Powerwall battery business with the country s then-largest residential and commercial solar installer.