Delaware Chancery Court News

In Anthem-Cigna Failed Merger ‘Soap Opera,’ Judge Hands Damages to Neither

A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust grounds anyway. Cigna, which …

Anbang, Andy Bang, $1 Trillion in Claims. Ritz-Carlton Mystery Gets Its Day in Court.

When a 26-year-old Uber driver walked into a California deeds office two years ago, it was the real-estate equivalent of a butterfly flapping its wings and causing a tsunami half a world away. Hired by an elderly Chinese passenger to …

Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud

The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients paid. Jeffrey Cohen, 39, of …

Nightclub Insurer Founder to Remain in Custody in Maryland

A federal judge says a Maryland businessman will remain in custody pending trial on charges of lying to Delaware insurance regulators. Jeffrey Cohen is the founder and former CEO of Indemnity Insurance Corp., which specializes in insuring nightclubs and bars. …

Nightclub Insurer Founder Fights Delaware Regulator Over Seizure

Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. Cohen and Commissioner Karen Weldin Stewart involves the state’s …

Federal Court Rules Delaware Business Court’s Private Arbitration Is Unconstitutional

Delaware’s legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business disputes, which critics called secret trials. The U.S. Court of …

Delaware’s Corporate Courts on Brink of Big Change

Two of the most important courts for resolving U.S. business disputes, Delaware’s Court of Chancery and its state Supreme Court, may be on the cusp of a dramatic turnover that could affect corporate cases for years to come. The state’s …

Media Firms Join Fight Against Delaware Business Court’s ‘Secret’ Dealings

Major U.S. news organizations have urged a federal appeals court to prevent Delaware from allowing sitting judges to arbitrate business disputes in private, saying the system raised suspicions of preferential treatment for corporations. The case involves Delaware’s Court of Chancery, …

Delaware Court Allows Blockbuster $305 Million Attorneys’ Fee

Two law firms were poised on Friday to collect a blockbuster $305 million in legal fees for their work on a lawsuit, after Delaware’s Supreme Court declined to consider a challenge to the payout. The fee award to law firms …

Delaware Chancery Court Allows Derivative Suit Vs. Botox Directors

Directors of Allergan Inc. must face a lawsuit over $600 million in fines the company paid for misbranding its Botox treatment to smooth out wrinkles, a Delaware judge ruled, in a decision that could affect securities litigation in that state. …