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.
Two former officers of industrial and environmental cleanup services company USES Corp. filed suit Friday in Delaware Chancery Court seeking to have the company pay legal fees they incurred in connection with a New York lawsuit over the 2014 purchase of the company.
The Third Circuit on Friday rejected Fourth Amendment and tort challenges to searches of three cruise ship passengers that took place two days after the court issued a 2008 precedential finding — involving the same vessel — that onboard searches at U.S. borders require “reasonable suspicion.”
A shareholder of intravenous pain medication developer Avenue Therapeutics Inc. filed suit in Delaware federal court Thursday against the company’s directors alleging a proxy statement describing a $180 million acquisition of the company is misleading due to the omission of material information.
A consignor that provides inventory to bankrupt retailer Samuels Jewelers Inc. objected Friday to the debtor's proposed asset sale plan, saying its consigned goods would be included in the sale despite the debtor not owning that inventory.
A once-dismissed derivative suit targeting insider trading in 2012 by directors of online game maker Zynga Inc. ended in Chancery Court Friday with an $11.25 million settlement for the company and pruned fee awards for the lead stockholder and class attorneys.