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Catching Up With Delaware's Chancery Court
By Jarek Rutz
The Delaware Chancery Court last week approved a $250 million settlement of litigation over Microsoft Corp.'s acquisition of Activision Blizzard Inc., while Albertsons Cos. Inc. accused Kroger Co. of rejecting changes that could have saved their $24.6 billion merger, and the Delaware Supreme Court ordered Verisk Analytics Inc. to keep pursuing a $2.35 billion acquisition.
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2nd Circ. EFAA Ruling Shifts Employer Litigation Strategy
In Diaz-Roa v. Hermes Law, the Second Circuit recently held that, under the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act, employers can't carve out nonharassment claims and send them to arbitration, which has implications for discovery, litigation costs and resolution strategy in EFAA-covered disputes, say attorneys at Krevolin Horst.
Opinion attached |
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Empery Faces Limited Restrictions In ATG Proxy Fight
By Jarek Rutz
The Delaware Chancery Court ruled Monday that Empery Digital Inc. must provide activist investor ATG Capital Opportunities Fund LP five business days' notice before taking certain major corporate actions while the parties fight over a disputed board seat, rejecting broader restrictions that could give ATG outsized influence over the company's operations.
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Detroit Sued For $10M Over Ex-Cop's Alleged Serial Rapes
By Melanie Dorsey
A woman who says a former Detroit police officer kidnapped and raped her at gunpoint in 2005 has filed a proposed class action seeking more than $10 million from the city, alleging officials ignored warnings about the officer and allowed nearly 12,000 sexual assault evidence kits to go untested, concealing his identity for two decades.
Complaint attached |
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