AeroCentury Corp Files Petition for Chapter 11 Reorganization benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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Toss Of Escheat Subpoena Unprecedented, Del. Justices Told
Law360 (March 17, 2021, 2:32 PM EDT) An attorney for Delaware told the state s Supreme Court on Wednesday that Chancery Court took an unprecedented and unsupported step last year in quashing a subpoena for a probe of AT&T rebates and payouts that were potentially subject to state unclaimed asset sweep-ups.
Martin S. Lessner of Young Conaway Stargatt & Taylor LLP, counsel to Delaware s Department of Finance, said Vice Chancellor J. Travis Laster s strike-down of the subpoena was illogical in light of what he said was the same court s acknowledgment that the subpoena passed a series of tests on legitimacy, relevance and compliance with the Delaware code.
Movie theater chain Alamo Drafthouse Cinemas filed for Chapter 11 protection in Delaware bankruptcy court Wednesday with nearly $123 million in debt and a plan for a sale to a pair of investment firms, saying the strain of COVID-19 closures had become too great.
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February 12, 2021
In a suit brought by Amgen Inc., Amgen Manufacturing, Ltd., and Amgen USA, Inc. (collectively, Amgen) against Sanofi, Aventisub LLC, Regeneron Pharmaceuticals Inc., Sanofi-Aventis U.S. LLC (collectively, Sanofi) more than six years ago, the Federal Circuit has affirmed the district courtâs determination that certain Amgen patent claims were invalid for lack of enablement. The asserted claims of Amgenâs two patents describe antibodies that help the body regulate low-density lipoprotein cholesterol (LDL).
According to Thursdayâs opinion, this was the second time the patents have been before the Federal Circuit. The present dispute concerned whether Amgenâs asserted claims were invalid for lack of enablement. In order to pass the federal enablement requirement, the court explained, the question is whether one reasonably skilled in the art could make or use the invention from the disclosures in the patent coupled with informa
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Tiger, SB360, Second Avenue Capital Provide $25MM Revolver to francescaâs
February 02, 2021, 08:35 AM
Francescaâs Holdings Corporation and Francescaâs Acquisition LLC, an affiliate of TerraMar Capital LLC, announced, after a fulsome auction and sale process under Section 363 of the United States Bankruptcy Code, that it completed the sale of substantially all of francescaâs® assets, including all inventory and the francescaâs® brand, to Francescaâs Acquisition LLC, Tiger Capital Group LLC (âTigerâ) and SB360 Capital Group, LLC (âSB360â).
francescaâs® will continue to serve its customers through at least 275 boutiques, its e-commerce channels and the Companyâs existing Houston, TX headquarters. The new francescaâs® business has firm financial footing, which includes a new $25 million asset based revo