Delaware’s nationally important Court of Chancery, which has come under criticism from Elon Musk this month, is losing its second-longest-serving judge. Sam Glasscock, who has served on the go-to venue for U.S. corporate disputes since 2011, plans to retire in …
The company that privatized operations at the port of Wilmington, Delaware several years ago owes more than $21 million in damages for breaching an agreement to buy the port’s former stevedoring firm, a Delaware judge ruled Monday. Vice Chancellor Lori …
Boeing Co. asked a Delaware court to throw out a shareholders’ lawsuit over the safety of its 737 MAX following fatal crashes, saying the board engaged in “robust and well-established” oversight of jet’s development. In an amended complaint unsealed in …
A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a “patently unfair” merger that created ViacomCBS Inc. so she could become a media magnate like her late father, Sumner Redstone. …
A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust grounds anyway. Cigna, which …
When a 26-year-old Uber driver walked into a California deeds office two years ago, it was the real-estate equivalent of a butterfly flapping its wings and causing a tsunami half a world away. Hired by an elderly Chinese passenger to …
The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients paid. Jeffrey Cohen, 39, of …
A federal judge says a Maryland businessman will remain in custody pending trial on charges of lying to Delaware insurance regulators. Jeffrey Cohen is the founder and former CEO of Indemnity Insurance Corp., which specializes in insuring nightclubs and bars. …
Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. Cohen and Commissioner Karen Weldin Stewart involves the state’s …
Delaware’s legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business disputes, which critics called secret trials. The U.S. Court of …
