Articles by Tom Hals

Del. Court of Chancery Vice Chancellor Noble to Retire in February

One of the most important venues for U.S. corporate disputes, Delaware’s Court of Chancery, will lose one of its five judges when Vice Chancellor John Noble retires in February. Noble, 64, informed Delaware Governor Jack Markell in a letter that …

Delaware Court Raising Standards for Class Actions Against Mergers

A Delaware judge signaled on Thursday that the rules are changing for shareholder class actions challenging corporate mergers, which are widely criticized for reaping millions dollars in lawyers’ fees while rarely generating a penny for investors. The ruling approved a …

Delaware Bans ‘Loser-Pays’ Fee-Shifting Bylaws in Corporate Class Actions

Delaware’s governor has signed into law a ban on companies adopting rules that could force investors who bring and lose certain lawsuits to pay the company’s legal costs, disappointing business groups. The U.S. Chamber of Commerce had embraced the use …

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 …