Ellen Bardash

1 day ago | law.com | Ellen Bardash

The U.S. Court of Appeals for the Third Circuit partially remanded the Boy Scouts' bankruptcy plan Tuesday, determining recent Supreme Court precedent required a more explicit protection of insurers' rights. The opinion, written by Judge Cheryl Ann Krause, resolves an appeal a three-judge panel heard argument on in November and allows the majority of the scouting organization's Chapter 11 plan, which includes the second-largest sexual abuse settlement in U.S. history, to move forward.

2 days ago | law.com | Ellen Bardash

A Wells Fargo shareholder has filed a derivative complaint asking the Court of Chancery to hold the bank's leadership accountable for its allegedly performative diversity hiring requirements. The lawsuit, filed by Johnson Fistel and Cooch & Taylor, brings seven total claims, alleging the officers and directors named as defendants are liable to the company for misconduct related to failing to properly implement and oversee the application of DEI initiatives.

5 days ago | law.com | Ellen Bardash

The Delaware Supreme Court has summarily affirmed a Court of Chancery dismissal of an AMC Theaters shareholder's case challenging a settlement. The decision is a win for the Weil, Gotshal & Manges and Richards, Layton & Finger team that represented the Kansas-based movie theater chain, the world's largest.

6 days ago | law.com | Ellen Bardash

The Delaware Supreme Court has upheld a decision dismissing claims of insider trading at Carvana, concluding litigation that's been underway for just under two years. The court, which heard the case en banc in April, summarily affirmed a September bench ruling from Chancellor Kathaleen St. J.

1 week ago | law.com | Ellen Bardash

In a case that’s already been preempted by a statutory change since it was decided in the Court of Chancery, counsel for Moelis & Co. argued before the Delaware Supreme Court on Wednesday that the trial court never should have weighed in on a shareholder’s case in the first place.