ஸாபாட கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from ஸாபாட கார்ப். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In ஸாபாட கார்ப் Today - Breaking & Trending Today

El Pollo Loco Insider Trading Suit Tossed Out Of Del. Court


ADVERTISEMENT
El Pollo Loco Insider Trading Suit Tossed Out Of Del. Court
Law360 (July 30, 2021, 8:18 PM EDT) The Delaware chancellor has tossed an investor lawsuit seeking derivative damages on behalf of restaurant chain El Pollo Loco over approximately $118 million in alleged insider trades, heeding a call to dismiss the suit by a special litigation committee set up by the company s board.
Chancellor Kathaleen St. J. McCormick of the Court of Chancery on Friday cited a 1981 Delaware Supreme Court ruling in Zapata Corp. v. Maldonado in finding that the special litigation committee members were independent and conducted a reasonable investigation of the investors claims, despite the investors argument that the committee failed to adequately consider two related. ....

United States , Zapata Corp , El Pollo Loco , Delaware Supreme Court , Supreme Court , ஒன்றுபட்டது மாநிலங்களில் , ஸாபாட கார்ப் , எல் பொல்லோ லோகோ , டெலாவேர் உச்ச நீதிமன்றம் , உச்ச நீதிமன்றம் ,

Chancery Resolves Dispute Between Competing Special Committees, Finding Second Committee Could Not Voluntarily Dismiss Suit Brought By The First Committee Under The Zapata Framework | Morris James LLP


This decision addresses a matter of first impression arising out of a dispute pitting two special committees of the same company, WeCompany (“WeWork” or the “Company”), against one another over control of a lawsuit on the Company’s behalf. The lawsuit involved claims against the Company’s putative controlling shareholders, SoftBank Group Corp. and SoftBank Vision Fund (AIV MI) L.P. (together, “SoftBank”), for abandoning a multi-step agreement by which SoftBank committed to a $3 billion tender offer for WeWork’s shares in addition to providing equity and debt financing (the “Transaction”). The same two-member committee that negotiated the Transaction on the Company’s behalf (the “Transaction Committee”), initiated the lawsuit with the support of the Company’s management (including WeWork’s Chief Legal Officer) as well as the Company’s outside counsel, Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”) ....

United States , Wecompany Wework , Delaware Court , Softbank Vision Fund , Zapata Corp , Transaction Committee , Softbank Group Corp , Meagher Flom , Softbank Group , Chief Legal Officer , New Committee , Chancery Rule , ஒன்றுபட்டது மாநிலங்களில் , டெலாவேர் நீதிமன்றம் , சாப்ட் பேங்க் பார்வை நிதி , ஸாபாட கார்ப் , பரிவர்த்தனை குழு , சாப்ட் பேங்க் குழு கார்ப் , சாப்ட் பேங்க் , மிகச்சிறிய ப்லோம் , சாப்ட் பேங்க் குழு , தலைமை சட்டப்பூர்வமானது அதிகாரி , புதியது குழு , சான்சரி ஆட்சி ,