Jennifer Kay

Pennsylvania

Correspondent at Bloomberg Industry Group

I have too many tabs open, IT says • @BLaw @BGov correspondent • @[email protected] • going back to Flickr, things are simpler there

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Articles

AMC’s APE Stock Conversion Upheld Once More by Delaware Court

6 days ago | news.bloomberglaw.com | Jennifer Kay

AMC’s meme stock base opposed the 2023 APE stock conversionPreferred shareholder said anti-dilution provisions were violatedThe settlement that enabled AMC Entertainment Holdings Inc. to proceed with its 2023 APE stock conversion has withstood another challenge, this one from aggrieved preferred shareholder.
AMC’s APE Stock Conversion Upheld Once More by Delaware Court

6 days ago | news.bloombergtax.com | Jennifer Kay

The settlement that enabled AMC Entertainment Holdings Inc. to proceed with its 2023 APE stock conversion has withstood another challenge, this one from aggrieved preferred shareholder. The Delaware Supreme Court on Thursday rejected the shareholder’s arguments that the movie theater chain violated anti-dilution provisions with a distribution exclusively to common shareholders. The high court didn’t elaborate on its decision to uphold an Oct. 2 ruling from the Delaware Chancery Court. Justice N.
Carvana CEO’s Father Wins Again Over Insider Trading Allegations

1 week ago | news.bloomberglaw.com | Jennifer Kay

White Collar & Criminal LawEmailMay 7, 2025, 2:18 PM UTCCarvana Co.‘s largest investor and father of the used car retailer’s CEO won again in a lawsuit accusing him of insider trading claims over the $3.6 billion in stock he sold amid state regulatory challenges and the Covid-19 pandemic.
Moelis Arguments Threaten Founder Rights in Top Business Court

1 week ago | news.bloombergtax.com | Jennifer Kay

An appeals court is poised to resolve more than a year of debate over whether a judge went too far in invalidating a billionaire founder’s veto rights over board decisions.
Moelis Arguments Threaten Founder Rights in Top Business Court

1 week ago | news.bloomberglaw.com | Jennifer Kay

An appeals court is poised to resolve more than a year of debate over whether a judge went too far in invalidating a billionaire founder’s veto rights over board decisions.
This Week in Chancery Court: Moelis Appeal, Lottery.com SPAC

1 week ago | news.bloombergtax.com | Jennifer Kay |Andrew Harris

Attorneys for billionaire dealmaker Ken Moelis will argue before the Delaware Supreme Court this week to overturn a landmark Chancery Court ruling that prompted contentious legislative debate and new corporate law amendments last year. Here’s a look at the courts’ calendars:Wednesday: Moelis & Co. v. West Palm Beach Firefighters’ Pension Fund, Del., No. 340,2024, oral arguments 5/7/25.
This Week in Chancery Court: Moelis Appeal, Lottery.com SPAC

1 week ago | news.bloomberglaw.com | Jennifer Kay

Privacy & Data Security LawEmailMay 5, 2025, 9:00 AM UTCAttorneys for billionaire dealmaker Ken Moelis will argue before the Delaware Supreme Court this week to overturn a landmark Chancery Court ruling that prompted contentious legislative debate and new corporate law amendments last year. Here’s a look at the courts’ calendars:Wednesday: Moelis & Co. v. West Palm Beach Firefighters’ Pension Fund, Del., No. 340,2024, oral arguments 5/7/25.
Plug Power Sees Investors’ Insider Trading Claims Tossed (1)

1 week ago | news.bloombergtax.com | Jennifer Kay

Hydrogen fuel cell maker Plug Power Inc. has fought off more investor allegations of insider trading by its senior leaders. The Delaware Chancery Court on Friday dismissed a lawsuit claiming Plug Power’s directors and executives dumped $122 million worth of shares just before its stock fell sharply upon news of accounting issues in its 2020 financial statements. A federal court in New York dismissed similar claims in a securities class action in August 2023.
Plug Power Succeeds in Tossing Investors’ Insider Trading Claims

1 week ago | news.bloomberglaw.com | Jennifer Kay

Hydrogen fuel cell maker Plug Power Inc. has fought off more investor allegations of insider trading by its senior leaders. The Delaware Chancery Court on Friday dismissed a lawsuit claiming Plug Power’s directors and executives dumped $122 million worth of shares just before its stock fell sharply upon news of accounting issues in its 2020 financial statements. A federal court in New York dismissed similar claims in a securities class action in August 2023.
AMC’s APE Stock Conversion Wording Probed by Delaware High Court

2 weeks ago | news.bloombergtax.com | Jennifer Kay

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