Gurtej Grewal

Feb 2, 2024 | businesslawtoday.org | Leona Yazdidoust |Gurtej Grewal |Leslie A. Berkoff |Moritt Hock

CURRENT MONTH (January 2024)Delaware Court of Chancery Addresses Whether Stockholders Have Third-Party Beneficiary Status to Sue for Lost-Premium Damages under a Merger AgreementBy Leona YazdidoustIn Crispo v. Musk, C.A. No. 2022-0666-KSJM (Del. Ch. Oct. 31, 2023), the Delaware Court of Chancery rejected the plaintiff stockholder’s petition for a $3 million mootness fee.

Dec 1, 2023 | businesslawtoday.org | Gurtej Grewal |Leona Yazdidoust |James Sandy |McGlinchey Stafford

CURRENT MONTH (November 2023)Delaware Court of Chancery Recognizes Potential Consequences of Excluding Officers from Fiduciary Duty WaiversBy Gurtej Grewal, Penn State LawIn Cygnus Opportunity Fund, LLC v.

Nov 1, 2023 | businesslawtoday.org | Gregg Stevens |Leona Yazdidoust |Gurtej Grewal |Cole Hodge

CURRENT MONTH (October 2023)Business LitigationDelaware Court of Chancery to Award Disclosure-Based Mootness Fees Only When Plaintiff Shareholder Obtains Additional Disclosures That Are “Plainly Material”By Leona YazdidoustIn Anderson v. Magellan Health, Inc., No. 2021-0202-KSJM (Del. Ch. July 6, 2023), the Delaware Court of Chancery affirmed the judgment of the trial court awarding $75,000 in fees and expenses to Plaintiff Shareholder’s counsel, instead of the requested award of $1,100,000.