Delaware Law360 provides breaking news and analysis on legal and regulatory issues in Delaware. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
Remnants of largely sold-off biopharmaceutical firm Orexigen Therapeutics Inc. whisked through a Chapter 11 plan confirmation in Delaware on Friday, clearing the way for a wind down of the business and remaining litigation.
Bankrupt oil and gas exploration company Hilltop Energy LLC received court approval Friday in Delaware for its proposed schedule seeking rapid confirmation of its $53 million debt-for-equity swap.
Global Brass and Copper Holdings Inc. failed to give stockholders enough information about its proposed $963 million tie-up with Wieland-Werke AG for them to make an informed vote on the transaction, an investor told a Delaware federal court Friday.
A Delaware chancellor ordered the liquidation and dissolution of a pharmaceutical development company Friday, saying disagreements among the company's three managers have created a deadlock that has frozen operations and doomed its future prospects.
Attorneys for General Motors vehicle owners with allegedly defective transmissions opened a proposed nationwide federal class damages suit in Delaware Friday, becoming at least the third prospective multistate class challenge to the automaker’s gearboxes.