Samuel Bashman

Nov 19, 2024 | jdsupra.com | Samuel Bashman

Mitchell Partners, L.P. v. AMFI Corp., C.A. Nos. 2020-0985-KSJM, 2020-0986-KSJM (Del. Ch. July 3, 2024)In this case, in which the Chancellor reviewed a decision by a special master, the Court examined whether non-voting shares of stock must be included in a stock ledger. The Court held that non-voting shares must be included in a stock ledger.

Sep 9, 2024 | jdsupra.com | Samuel Bashman

Tornetta v. Musk, C.A. No. 2018-0408-KSJM (Del. Ch. May 28, 2024)Following the Court of Chancery’s post-trial opinion concerning Elon Musk’s compensation from Tesla (summarized here), Tesla submitted stockholder proposals to ratify Musk’s compensation package and to move Tesla’s state of incorporation to Texas.

Sep 9, 2024 | jdsupra.com | Samuel Bashman

Harper v. Sievert, C.A. No. 2022-0819-SG (Del. Ch. May 31, 2024). A stockholder plaintiff brought derivative claims alleging that current and former directors of T-Mobile US, Inc. were liable for aggregating customers’ data in a manner that made it more vulnerable to hacking. The plaintiff alleged that the company’s parent, a German telecommunications company, coerced the board to aggregate customers’ data to facilitate the parent’s own machine learning and artificial intelligence projects.

Aug 16, 2024 | jdsupra.com | Samuel Bashman

In re Columbia Pipeline Grp. Inc. Merger Litig., Consol. C.A. No. 2018-0484-JTL (Del. Ch. May 15, 2024)In this post-trial decision, the Court addressed an acquirer’s responsibility for damages suffered by a stockholder class when the acquirer had been found liable for aiding and abetting breaches of fiduciary duties by certain of the target’s officers.

Aug 16, 2024 | jdsupra.com | Samuel Bashman

Wong Leung Revocable Tr. v. Amazon.com Inc., C.A. No. 2023-1251-BWD (Del. Ch. May 1, 2024)In order to inspect books and records under Section 220 of the Delaware General Corporation Law, a stockholder-plaintiff must establish that they have a proper purpose. To establish a proper purpose of investigating suspected corporate wrongdoing, a stockholder must present some credible evidence from which the Court can infer that wrongdoing may have occurred.