Nov 25, 2009
Settlement hearing.Via the Andrews Delaware Corporate Litigation Reporter: "The lead plaintiff, the Key West Police & Fire Pension Fund, says the deal will unfairly enrich Liberty Media Chairman John Malone, who also is a director at DirecTV.L...
Nov 20, 2009
Hearing on motion to dismiss. Via the North Carolina Business Litigation Report: "...alleged mismanagement of $55 million securities investment by BB&T, which BB&T claims was to be reallocated into less risky investments if the value fell ...
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Oct 28, 2009
Hedge funds sought appraisal of publicly held company's preferred stock. Issue on appeal was whether the value of accrued dividends was double counted.
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Oct 14, 2009
Case Description: The action originated with a tender offer by General William Lyon of $93 per share for the outstanding shares of Lyon Homes, Inc., a Delaware corporation. On the same day the tender offer was announced, Plaintiff Intervenor-App...
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Sep 14, 2009
5-day bench trial over a shareholder challenge to the 2007 merger between Hanover Direct and its largest shareholder, hedge fund Chelsey Direct.The smaller shareholders alleged that Hanover's directors had conflicts of interest in approving the me...
Jul 29, 2009
Plaintiff, Norfolk County Retirement System, is a beneficial holder of stock of defendant, Jos. A Bank Clothiers (JABC). Plaintiff brings a demand, pursuant to 8 Del. C. § 220, to inspect certain books and records after noticing a drastic drop in ...
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Jul 28, 2009
4 day trial. CVN previously recorded a hearing on plaintiff's motion for partial summary judgment. The Court denied the summary judgment motion, and suggested that the parties proceed to trial, because fact issues around the parties' course of de...
Jul 17, 2009
Hearing on motion to stay proceedings in favor of SDNY litigation. The DE action is a derivative suit that seeks to recover funds allegedly lost by AIG through imprudent investment in the sub-prime mortgage industry.
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Jul 14, 2009
Hearing on plaintiff's motion seeking reimbursement of attorney's fees and expenses totaling roughly $10.5 million. Plaintiffs contend that the initiation of this litigation prompted a substantial increase in JP Morgan's share price, and that the...
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Jun 25, 2009
Settlement hearing.Via Bloomberg News: " April 21 (Bloomberg) -- TD Banknorth Inc. agreed to pay $50 million to settle for the second time a class-action lawsuit brought by former investors challenging the fairness of the companys buyout by Toron...
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