Leona Yazdidoust

Jun 4, 2024 | businesslawtoday.org | Leona Yazdidoust |Jim Sandy |McGlinchey Stafford PLLC |Stuart J. Kaswell

CURRENT MONTH (May 2024)U.S. Supreme Court Ruling Clarifies Scope of Rule 10b-5(b) Claims under Securities Exchange Act of 1934By Leona YazdidoustIn Macquarie Infrastructure Corp. v. Moab Partners, L. P., the U.S. Supreme Court held that a failure to disclose information required by Item 303 of SEC Regulation S-K (“Item 303”) cannot support a private action under Rule 10b-5(b), when the failure does not render any “statements made” misleading.

May 1, 2024 | businesslawtoday.org | Leona Yazdidoust |Leslie A. Berkoff |Sara Bussiere

CURRENT MONTH (April 2024)Delaware Court of Chancery Departs from Historical Practices and Awards Compounded Prejudgment InterestBy Leona YazdidoustIn Brown v. Court Square Capital Management, L.P., the Delaware Court of Chancery departed from tradition by awarding compound prejudgment interest to the plaintiff. Kevin Brown, a former partner at Court Square Capital Management, L.P. (“Court Square”), sued his former employer after it stopped paying him his share of carried interest.

Mar 1, 2024 | businesslawtoday.org | K. O’Connell |Marisa Roman |McGlinchey Stafford |Leona Yazdidoust

CURRENT MONTH (February 2024)Delaware Court of Chancery Holds Musk’s $55.8 Billion Tesla Compensation Plan Is Not Entirely Fair, Orders RescissionBy K. Tyler O’Connell, Morris James LLPTornetta v. Musk, C.A. No. 2018-0408-KSJM, 2024 WL 343699 (Del. Ch. Jan. 30, 2024). In both 2009 and 2012, Tesla, Inc.

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.

Jan 3, 2024 | businesslawtoday.org | Sean M. Brennecke |Lewis Brisbois |Leona Yazdidoust |Susan W. Lanham

CURRENT MONTH (December 2023)Delaware Supreme Court Reverses Dismissal in Opioid Case Based on Misapplication of Other Court’s Factual FindingsBy Sean M. Brennecke, Lewis BrisboisFor more than a decade courts and government agencies have been wrangling with the fallout of the opioid crisis, which has gripped this country since the beginning of the twenty-first century.