Jennifer Kay

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

Nearly a year of stock sales by Carvana Co.'s largest investor amid state regulatory challenges and the Covid-19 pandemic were probed Wednesday by Delaware’s highest court, whose questions focused on the trades’ timing and motivation. A lower court should have drawn inferences about a trading schedule in the plaintiff’s favor until its details are revealed, said Daniel Tepper of Levi & Korsinsky LLP.

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

Delaware’s Chancery Court will consider legal claims against Centerview Partners Holdings LLC filed by dealmaker David Handler, who says the boutique merger advisory firm defrauded him out of his equity stake after he founded a rival. The state’s top court, meanwhile, will weigh a shareholder’s insider trading claims against Carvana Co.'s largest investor, the father of its CEO. No court activity is scheduled for Good Friday.

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

Delaware’s Chancery Court will consider legal claims against Centerview Partners Holdings LLC filed by dealmaker David Handler, who says the boutique merger advisory firm defrauded him out of his equity stake after he founded a rival. The state’s top court, meanwhile, will weigh a shareholder’s insider trading claims against Carvana Co.'s largest investor, the father of its CEO. No court activity is scheduled for Good Friday.

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

The Delaware Chancery Court will rule this week on a demand for Paramount Global‘s internal files about its merger with Skydance Media. A look at what else is on the court’s calendar: Tuesday: Gabelli Value 25 Fund v. Paramount Glob., Del. Ch., 2024-1353, bench ruling 4/8/25. At issue: Money manager Mario Gabelli sought Paramount’s books and records about the Skydance merger so investors can determine how controlling stockholder Shari Redstone might benefit from the deal.

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

Daily Labor Report ®EmailApril 7, 2025, 9:00 AM UTCThe Delaware Chancery Court will rule this week on a demand for Paramount Global‘s internal files about its merger with Skydance Media. A look at what else is on the court’s calendar: Tuesday: Gabelli Value 25 Fund v. Paramount Glob., Del. Ch., 2024-1353, bench ruling 4/8/25.