Articles by Tom Hals

RBC Facing $76 Million in Shareholder Claim Over Merger

A Delaware judge said Royal Bank of Canada must pay $75.8 million in damages to former shareholders of Rural/Metro because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator. The ruling is …

Wal-Mart Must Share Documents on Mexico Bribery Probe: Court

The Delaware Supreme Court affirmed last Wednesday a lower court ruling that ordered Wal-Mart Stores Inc. to provide a shareholder with documents related to the company’s internal probe of allegations the retailer had paid bribes in Mexico. Wal-Mart had appealed …

Businesses Lobby Delaware to Keep ‘Loser Pays’ Option in Shareholder Suits

Big business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which legal experts say could curtail a booming type of investor class actions. An affiliate of the U.S. Chamber of Commerce …

Delaware Court Backs Fee-Shifting in Shareholder Class Actions

Delaware’s Supreme Court has ruled that corporations can adopt bylaws requiring an investor who sues and loses to pay the company’s legal costs, potentially upending the economics of a booming type of shareholder litigation. Thursday’s ruling in the little-noticed case …

Del. Gov. Nominates Corporate Attorney Bouchard to Lead Chancery Court

Delaware lawyer Andre Bouchard was nominated on Thursday to replace Leo Strine as the chief judge of the state’s Court of Chancery, one of the premier venues for business disputes, according to a statement by Delaware Gov. Jack Markell. Strine …

Garlock Ruling Could Shift Asbestos Litigation in Manufacturers’ Favor

A judge who found what he called a “startling pattern” of abuse by plaintiffs’ lawyers may have shifted the landscape of asbestos litigation with a ruling in favor of manufacturers. In a decree last month, Judge George Hodges said the …

Delaware Chancery Court’s Strine Nominated to Lead State’s Supreme Court

Leo Strine, the outspoken chief judge of Delaware’s nationally important business court, has been nominated to lead the state’s Supreme Court, Delaware Governor Jack Markell said on Wednesday. The move, if confirmed, would take Strine’s outsize persona away from the …

Facebook CEO, Directors Face New Lawsuit Over Last Year’s Troubled IPO

A Facebook Inc. shareholder filed a lawsuit over the largest social networking company’s botched initial public offering and is seeking to hold Chief Executive Mark Zuckerberg, directors and officers responsible for the damage. The lawsuit by Gaye Jones alleges that …

Stricken Cruise Passengers Bring Class Action Against Carnival

The owner of the stricken Carnival Triumph cruise ship was hit by a lawsuit seeking class action status for stranding more than 3,000 passengers for five days on a ship without electricity or adequate sanitation. Carnival Corp. should be held …

Carnival Cruise Ship Passengers Have Little Cause to Sue

After four days on a crippled cruise ship with overflowing toilets, stifling heat and hours-long waits for food, at least one passenger from the Carnival Triumph is seeking legal revenge. But lawyers familiar with cruise ship lawsuits suggest angry passengers …