Digital World Acquisition Corp. recently lost a bid to overturn a previous court order regarding fees and expenses owed to Patrick Orlando. The Delaware Court of Chancery denied Digital World’s “Notice of Exception” and its alternative “Motion for Reargument,” leaving the original fee order in place. Background of the Dispute…
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Delaware Court Denies Interlocutory Appeal in Regions Financial Derivative Lawsuit
The Delaware Court of Chancery has denied a request for an immediate appeal in a derivative lawsuit against Regions Financial Corporation and its bank, Regions Bank. The case, brought by shareholder Katherine Richards Brewer, centers around allegations of illegal overdraft practices and the actions (or inactions) of the company’s board…
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Delaware Court Orders Limited Disclosure in Stockholder Records Battle
The Delaware Court of Chancery has issued a ruling in a books and records case, ordering Arizona Isotopes Science Research Corporation (the “Defendant”) to provide additional information to its stockholders, Christian Schank, Cameron Schank, and Deanna Matthews (the “Plaintiffs”). The case, presided over by Senior Magistrate Molina, involved a dispute…
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Court Tosses Arbitration Award Confirmation, Partially Reverses Default Judgment
The Georgia Court of Appeals has weighed in on a dispute between United Gaming, LLC, and Sanvi Business, LLC, along with its owner, Vikramdip Singh, regarding a licensing agreement. The court’s decision involves complex legal issues, specifically concerning the confirmation of an arbitration award, proper service of process, and default…