Delaware

Delaware Courts: A Lucrative Arena for Corporations and Law Firms Alike

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WILMINGTON, Del. — Delaware’s court system has established itself as a favored venue for corporations embroiled in legal disputes, drawing businesses from across the nation. The state’s judiciary is renowned for its expertise in corporate law, providing businesses with a predictable legal framework. As a result, a significant financial ecosystem has emerged, benefiting law firms that handle these cases. Delaware is home to many of the country’s largest corporations, which seek to take advantage of its business-friendly laws and specialized judges. The Delaware Court of Chancery, in particular, is noted for its ability to resolve … Read more

Delaware Plans Changes to Corporate Laws to Prevent Business Flight

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Dover, Delaware — Delaware, a state long recognized for its corporate-friendly atmosphere, is considering softening its governance rules in response to concerns about a potential corporate exodus that could impact its status as a business hub. The state houses over 1 million business entities, including more than 60% of Fortune 500 companies, which benefit from Delaware’s favorable legal framework and specialized Court of Chancery. The proposed changes come amid fears that stringent regulations are pushing some companies to contemplate relocating their incorporations to states with more lenient governance standards. Such a move by even a … Read more

Delaware Attorney General Leads Multistate Lawsuit Against Trump Administration Over Education Department Shakeup

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Dover, DE — Delaware Attorney General Kathy Jennings, alongside 20 other state attorneys general, has initiated a lawsuit against the current administration’s proposal to abolish the U.S. Department of Education. This legal challenge asserts that the administration’s plans are both unconstitutional and illegal, violating congressional mandate. Jennings criticized the administration’s rationale for dismantling the department, suggesting that the move serves the interests of the wealthy at the expense of the general public. “This initiative overlooks the fundamental value and cost-effectiveness of the Department of Education, favoring the affluent who do not rely on public schooling,” … Read more

Legal Battle Heats Up: Delaware Judge to Scrutinize Paramount’s $8 Billion Sale Amid Investor Resistance

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WILMINGTON, Del. — A Delaware court is setting the stage to tackle a class action lawsuit aimed at halting the proposed $8 billion acquisition of Paramount Global by Skydance Media. The legal challenge raises concerns about the transaction’s fairness to Paramount’s public shareholders, spotlighting the influential role of the company’s controlling shareholder, Shari Redstone. The judicial scrutiny unfolds following Redstone’s decision to divest her Paramount stake to David Ellison’s Skydance Media in July, under a deal that is still pending regulatory approval. The strategic shift to Skydance, a burgeoning force in the streaming sector, has … Read more