CA v. AFSCME
Jul 9, 2008
The Delaware Supreme Court, acting at the behest of the U.S. Securities and Exchange Commission, has agreed to review a shareholder proposal for CA Inc. to reimburse dissident investors for the cost of waging proxy fights
Jul 2, 2008
The Philadelphia Stock Exchange (PHLX) announced today that the Supreme Court of the State of Delaware unanimously approved the settlement in the Ginsburg v. Phlx, et al litigation. This clears the way for the completion of the merger between PHLX...
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Jun 30, 2008
Sprint Nextel seeks a declaration that its proposed transaction" with Clearwire "will not breach the exclusivity provision" of agreements with IPCS, according to a complaint filed Wednesday in Delaware Chancery Court in Wilmington.
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Jun 20, 2008
The Shareholder Derivative Litigation arose out of the Company's sale of $300 million of preferred stock to funds affiliated with MHR Fund Management LLC ("MHR") pursuant to the Securities Purchase Agreement dated October 17, 2006, as amended and ...
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Jun 4, 2008
This case involves Beal Bank, a lender, that sought assistance in Chancery Court to vindicate its rights as an alleged shareholder. Beal Bank entered into a Stock Pledge Agreement that allowed it to take shares in the debtor as security upon defau...
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May 29, 2008
Hearing on motion to stay proceedings. Senate Bill 194, sponsored by Laurel Democratic Sen. Robert L. Venables Sr., sailed through the Senate on a unanimous vote and moves to the House for consideration.Venables' one-sentence bill states that gove...
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May 27, 2008
The lawsuits alleged that on March 23, 2005, BP operated its Texas City, Texas refinery with gross negligence and violated federal, state, industry and even its own safety standards that led to the explosion. The tragedy resulted in extensive stat...
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Sun Times v. Black
May 23, 2008
Last month, Black struck a deal to sell his controlling stake in Hollinger International to the Barclays, billionaire Scottish twins who offered him $467 million. Hollinger International owns the London Daily Telegraph -- coveted by the Barclays -...
May 20, 2008
A class action brought by public stockholders of Avaya in connection with the proposed acquisition of Avaya by two private equity firms for $8.2 billion. Skadden represents members of the board of directors of Avaya, Inc.
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May 15, 2008
Parmalat SpA, the Italian dairy company that collapsed in 2003, sought $2 billion in damages from Citigroup.Parmalat Chief Executive Officer Enrico Bondi seeks to prove that Citigroup, the largest U.S. bank by assets, aided and abetted larceny by ...
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May 12, 2008
Clear Channel, Bain Capital LLC and Thomas H. Lee Partners LP sued a group of banks led by Citigroup Inc. to force them to honor an agreement to finance the buyout firms' $19.5 billion acquisition of Clear Channel Communications Inc.
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