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Delaware Chancery Court

All articles tagged with #delaware chancery court

Battle Behind the Aisles: Market Basket's Family Feud Returns to Court
business1 month ago

Battle Behind the Aisles: Market Basket's Family Feud Returns to Court

The Market Basket saga centers on a decades-long family feud over control of the New England grocer, highlighted by Artie T. Demoulas’s 2014 ouster and a landmark debt-fueled buyback. After years of boardroom clashes and worker/customer activism, the conflict resurfaced in court, and a 2026 Delaware Chancery Court ruling upheld Artie T.’s firing, while the company remains financially stable but culturally altered as leadership and strategy evolve.

via Business Insider|
#artie-s-demoulas#artie-t-demoulas#business
Emmitt Smith Sued Over Alleged $2.5 Million Native American Investment Linked to Solar Project
business1 month ago

Emmitt Smith Sued Over Alleged $2.5 Million Native American Investment Linked to Solar Project

A Delaware Chancery Court lawsuit accuses former NFL star Emmitt Smith, his partner, and their company of diverting a $2.5 million loan from Kituwah LLC—an investment arm of the Eastern Band of Cherokee Indians—into a Texas solar project, alleging a Ponzi-like scheme and leaving Kituwah with no repayment despite promises of project funding.

via The New York Times|
#4-13-solutions#business#delaware-chancery-court
Hall of Famer Emmitt Smith Named in $2.5M Investment Lawsuit
business1 month ago

Hall of Famer Emmitt Smith Named in $2.5M Investment Lawsuit

A lawsuit filed in Delaware’s Chancery Court accuses Hall of Famer Emmitt Smith and his business partner of misusing a $2.5 million loan from Kituwah LLC, tied to a Texas solar project, and alleges a Ponzi-scheme-like scheme. Kituwah says no repayment has been made and seeks at least $2.5 million plus interest and damages. The case follows Smith’s Las Vegas restaurant Emmitt’s closing for unpaid rent.

via Fort Worth Star-Telegram|
#business#delaware-chancery-court#emmitt-smith
Kituwah Sues Emmitt Smith Over $2.5 Million Solar Loan Allegations
business1 month ago

Kituwah Sues Emmitt Smith Over $2.5 Million Solar Loan Allegations

Kituwah LLC, the tribal investment arm of the Eastern Band of Cherokee Indians, filed a Delaware Chancery Court suit accusing Emmitt Smith, his partner David Mosley, and their company 4 13 Solutions of diverting a $2.5 million loan for a Texas solar project to an unrelated entity and not repaying it by the due date; the suit alleges misrepresentation and six causes of action, with the loan balance now over $3 million including roughly $600,000 in interest, and seeks at least $2.5 million plus costs and further relief.

via Front Office Sports|
#business#delaware-chancery-court#emmitt-smith
McMahon Reaches Last-Minute Settlement to Hide Misconduct Docs in WWE-UFC Merger
business4 months ago

McMahon Reaches Last-Minute Settlement to Hide Misconduct Docs in WWE-UFC Merger

Vince McMahon agreed to a last-minute settlement in a Delaware suit brought by WWE shareholders seeking documents about sexual misconduct allegations and hush-money payments tied to WWE’s 2023 merger with UFC owner Endeavor, leading to the trial’s cancellation and keeping sensitive details out of the public eye as the case moves toward resolution.

via Front Office Sports|
#business#delaware-chancery-court#endeavor
Market Basket taps longtime exec as president after court backs firing of former CEO
business5 months ago

Market Basket taps longtime exec as president after court backs firing of former CEO

Market Basket named Chuck Casassa as its new president after a Delaware chancery court upheld the board’s firing of former CEO Arthur T. Demoulas; interim CEO Don Mulligan is retiring and the board did not announce a successor. Casassa, who started as a bagger in 1976 and rose to director of operations last year, is lauded for his store leadership. The court ruling ends Demoulas’s long-running family feud with the board, which argued he resisted oversight and could repeat a 2014 boycott. Market Basket remains a top regional grocer and will continue to work with Demoulas as a shareholder.

via CBS News|
#arthur-demoulas#business#chuck-casassa
Delaware Judge Denies Fast-Track Bid in WBD-Paramount Netflix Deal Dispute
business9 months ago

Delaware Judge Denies Fast-Track Bid in WBD-Paramount Netflix Deal Dispute

A Delaware Chancery Court judge denied Paramount Skydance’s bid to fast-track its suit against Warner Bros. Discovery seeking disclosures of how the Netflix deal was valued and the Discovery Global spin-off, ruling Paramount hadn’t shown irreparable harm; the rivals continue to press for disclosures amid ongoing proxy and governance moves.

via Variety|
#business#delaware-chancery-court#expedited-trial
Delaware Judge Denies Fast-Track Bid in Paramount-WBD Merger Battle
business9 months ago

Delaware Judge Denies Fast-Track Bid in Paramount-WBD Merger Battle

A Delaware Chancery Court judge refused Paramount’s bid to fast-track its suit against Warner Bros. Discovery, ruling Paramount did not show irreparable harm to justify expedited disclosures about the board’s recommendation not to tender shares; the decision preserves normal litigation timelines as Paramount extends its tender offer amid Netflix-related merger dynamics and a looming proxy fight.

via Deadline|
#business#delaware-chancery-court#expedited-disclosure
Warner Bros. Slams Paramount’s Fast-Track Bid as Delaware Hearing Looms
business9 months ago

Warner Bros. Slams Paramount’s Fast-Track Bid as Delaware Hearing Looms

Warner Bros. Discovery blasted Paramount’s bid to fast-track a Delaware Chancery Court trial over WBD’s Netflix deal, calling it an “urgency theatre” move while Paramount pursues a hostile bid and pressures stockholders before its January 21 tender deadline. A hearing is set for Thursday to consider the motion, and WBD plans to file a Netflix merger proxy detailing the deal and advisers’ fairness opinions as the fight over control of Warner Bros. Discovery intensifies.

via Deadline|
#business#delaware-chancery-court#expedited-trial