In re Tesla Motors Stockholder Litig.
At issue was a 2016 acquisition of Solar City Corp. by Tesla. Some Tesla shareholders claimed that Musk caused Tesla to overpay for Solar through his alleged domination and control of Tesla’s board. The primary focus of the shareholders was that Solar was insolvent at the time of the acquisition. The court applied the “entire fairness” standard. The Court of Chancery found the acquisition to be “entirely fair.” The Delaware Supreme Court affirmed the Court of Chancery decision.
Delaware Supreme Court Upholds ‘Entire Fairness’ of a Tesla Acquisition
At issue was a 2016 acquisition of Solar City Corp. by Tesla. Some Tesla shareholders claimed that Musk caused Tesla to overpay for Solar through his alleged domination and control of Tesla’s board. The primary focus of the shareholders was that Solar was insolvent at the time of the acquisition. The court applied the “entire fairness” standard. The Court of Chancery found the acquisition to be “entirely fair.” The Delaware Supreme Court affirmed the Court of Chancery decision.
Auto Konnect, LLC v BMW of North America, LLC
The U.S. District Court (Michigan) denied motions to exclude the plaintiff’s and the defendant’s expert witnesses and granted motions from both parties to exclude “expert” testimony from lay witnesses. The case involved alleged breach of contract on the part of the defendants regarding raiding of the plaintiff’s employees, and damages related thereto.
U.S. District Court Denies Motions to Exclude Experts but Grants Motions to Exclude Lay Witnesses ‘Expert’ Testimony
The U.S. District Court (Michigan) denied motions to exclude the plaintiff’s and the defendant’s expert witnesses and granted motions from both parties to exclude “expert” testimony from lay witnesses. The case involved alleged breach of contract on the part of the defendants regarding raiding of the plaintiff’s employees, and damages related thereto.
In re Tesla Motors Stockholder Litig.
Court of Chancery says Tesla dissenting shareholders allege sufficient facts to show company CEO, Elon Musk, was a controlling shareholder, despite holding a minority interest; court allows breach of fiduciary claims concerning acquisition of related company to proceed.
Court Allows Tesla Dissenting Shareholder Suit to Go Forward
Court of Chancery says Tesla dissenting shareholders allege sufficient facts to show company CEO, Elon Musk, was a controlling shareholder, despite holding a minority interest; court allows breach of fiduciary claims concerning acquisition of related company to proceed.
Fair Value at Crux of Chrysler Bankruptcy
Bankruptcy court authorized a preplan of reorganization sale of substantially all of the debtors’ assets based on evidence of fair value in exchange.
In re Chrysler LLC
Bankruptcy court authorized a preplan of reorganization sale of substantially all of the debtors’ assets based on evidence of fair value in exchange.
Mary Ann Linsell v. Applied Handling, Inc.
The Michigan Court of Appeals determined that a financial expert should not be excluded as a discovery sanction when the failure to provide supplemental responses to interrogatories from an expert are occasioned by a delay in providing necessary information.
Appeals Court Refuses to Disturb Lower Court’s Findings on Expert Credibility
Husband owned a Ford Motor Company SSIP (Savings and Stock Investment Plan) account. The account consisted of four components: (1) Ford Company Stock; (2) Ford Common Stock; (3) Current Inte ...
Purdy v. Purdy
Husband's motion to vacate an order overruling objections denied because of untimeliness (counsel was out of town) and retirement benefits divided must be based on wife's life expectancy.
Armstrong v. Armstrong
Suit to determine what portion of husband's stock benefit and savings plan his former wife was entitled to under their 1983 judgment of divorce.
In re General Motors class H shareholders litigation
At issue is breach of fiduciary duties.
In re General Motors Class H Shareholders Litigation
Delaware Court of Chancery dismissed claims of the GM class H shareholders challenging the fairness of transactions that split up GM's wholly owned Hughes Electronic Corp., which were approved by stockholder vote.
Yamaha Motor Co. v. Arnoult
At issue is the admittance of expert testimony.