|
TOP NEWS
SwervePay Sellers Awarded $120M In Merger Fraud Suit
By Rae Ann Varona
The Delaware Chancery Court on Friday awarded more than $120 million to sellers of former e-payment facilitator SwervePay who claimed buyers duped them into a merger by overstating payment volumes by the tens of billions, saying the buyers' intent to induce the sellers into the fraudulent transaction was "plain as day."
Opinion attached |
Read full article »
| Save to favorites »
DEALS & FINANCING
LITIGATION
Ex-Symplicity Founder Challenges Sale Structure In Chancery
By Jarek Rutz
The founder of student software company Symplicity has sued H.I.G. Capital affiliates, Goldman Sachs lending entities, Crestline Specialty Lending and software buyer Volaris Group in the Delaware Chancery Court, alleging they structured the company's sale to strip away his contractual rights and leave him with no recovery on more than $21 million in debt and equity-related interests.
Complaint attached |
Read full article »
| Save to favorites »
LEGAL INDUSTRY
Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
There has been a wave of cases alleging employers and their insurance brokers violated the Employee Retirement Income Security Act, and experts say this marks an increasing litigation trend. In the meantime, the American Bar Association is eyeing the elimination of the first of multiple diversity-related law school standards. These are among the stories in corporate legal news you may have missed in the past week.
Read full article »
| Save to favorites »
|