Articles by Tom Hals and Tracy Rucinski

Shareholder Suit Claims Boeing Board Liable in 737 MAX Problems

A shareholder lawsuit filed on Monday accused Boeing Co.’s board of doing nothing to investigate the safety of the 737 MAX until the fast-selling plane suffered a second deadly crash in five months. The lawsuit is the latest legal challenge …

Several States Have Doubts About $48 Billion Opioid Settlement Offer

Several U.S. states that have been ravaged by the opioid epidemic are pushing back on a proposed $48 billion settlement framework that would resolve thousands of lawsuits against five drug companies accused of fueling the addiction crisis. The proposal would …

Retiring Delaware Justice Strine Was Influential in Shareholder Cases

Chief Justice of the Delaware Supreme Court Leo Strine will retire in the next few months, Governor John Carney announced on Monday, a leadership change in the court system that decides disputes for more than two-thirds of Fortune 500 companies. …

Uber Wins Dismissal of Investor Suit Over Acquisition of Truck Firm Otto

Travis Kalanick, the co-founder of ride-hailing company Uber, and the company’s directors won the dismissal of an investor lawsuit that sought to hold them liable for a fight over trade secrets that slowed Uber’s push into autonomous vehicles. The lawsuit …

J&J Talc Supplier Files for Bankruptcy Over Lawsuits

A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma. Imerys Talc America, the U.S. unit …

Delaware Governor Nominates Two for State’s Corporate Court

Delaware Governor John Carney on Thursday nominated a corporate lawyer and a court official to fill two newly created openings on the state’s influential Court of Chancery, which is a major venue for major shareholder disputes. Kathaleen McCormick, an attorney …

Automakers to Contribute $130M to Takata’s U.S. Settlement

A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp. air bag inflators as part of a deal to resolve the Japanese company’s bankruptcy, a U.S. plaintiffs’ attorney told Reuters. …

Takata U.S. Deal With Drivers, Creditors Clears Way to Sell Operations

Takata Corp.’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell its viable operations, according to court papers. …

Shareholders Sue Wynn Board for Not Investigating CEO Accused of Misconduct

The board of Wynn Resorts has been sued by shareholders, claiming the board knew for years that Steve Wynn, founder and chief executive of the casino operator, had been accused of sexual misconduct and failed to investigate. The company declined …

Public Firms Now Face Question of When to Disclose Sexual Harassment Claims

The steep drop in the stock price of Wynn Resorts Ltd. following a report that chairman Steve Wynn subjected female staff to unwanted sexual advances offers an illustration of how such allegations may now be “material” information that public companies …