Hints and tips:
...“We do view [corporate insider share sales] as a negative data point that investors should be aware of,” said Ben Silverman, Verity’s vice-president of research....
...Public records show that the Delaware-registered entity Son used to buy the property, SV Projects LLC, mortgaged the house to secure a ¥10bn loan — worth $92mn at the time — from Japanese bank Mizuho to...
...But according to a complaint filed in Delaware Chancery Court on Wednesday, “there was no legitimate reason to pay the founders’ personal taxes”, and an aggrieved Apollo shareholder, the Anguilla Social...
...According to a filing in Delaware, where Anthropic is incorporated, it has two classes of stock, one of which carries 10 times the voting rights of the other....
...Even as Qatalyst tried to rein in its client at times, the bank’s behaviour also drew the rebuke of the Delaware court....
...But Apollo’s DIP financing proposal fell through after Yellow’s lawyers last Friday told a federal bankruptcy judge in Delaware that two other parties — MFN Partners, a Boston-based hedge fund, and Estes...
...Charles Elson, a corporate governance expert at Delaware university, sees these concurrent relationships as a potential conflict of interest that might concern prospective Arm investors....
...The lenders allege Byju’s has technically defaulted on the loan and have used a legal challenge in Delaware to try to force the company to accelerate payment....
...Among the tracking stock shareholders to participate in the deal were big investors Elliott Management, Carl Icahn and BlackRock....
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...This has led to grievances from smaller investors who claim that they have been steamrollered....
...(MgmtCo is how SoftBank describes Masa’s Delaware-incorporated MASA USA LLC vehicle.)...
...Jeff Sabin and Andrew Curry, lawyers with Venable LLP, signed into the hearing in person representing a firm called Digital Augean, LLC....
...The two-step gambit is made possible by the Lone Star state’s divisional merger law, which — unlike every other US state excluding Delaware — defines a merger to include “the division of a domestic entity...
...They’ve tidied up their investor list a fair bit recently....
...Additionally, Twitter sold a $1bn of bonds that can convert into equity to Silver Lake, another savvy tech investor with whom Elliott had a strong relationship....
...Cryptocurrency lawyers said for-profit DAOs had largely registered as Delaware LLCs, one of the most popular corporate structures in the US....
...“Shareholders typically do not have permission to attend board or management meetings,” said Charles Elson, a corporate governance expert at the University of Delaware....
...Since May, the Delaware Court of Chancery has played (virtual) host to a bewildering array of parties scrapping over whether SoftBank was wrong to walk away from a $3bn tender offer it made when it rescued...
...The pair were going to invest nearly $500m together with co-investors to recapitalise the Texas and Utah driller....
...They can argue it’s not up to them to save inexperienced investors from themselves....
...Yet shares in Alphabet, Google’s parent, actually edged up slightly after the announcement, and most investors and analysts barely blinked at the news....
...Sitting on cash isn’t going to deliver the kinds of returns investors in private equity have become used to....
...Legal experts expect the same fate to befall aggrieved investors in other foreign-registered companies who seek to air their grievances in US courts....
...The move is part of a long-term plan to nudge TPL into reorganising as a Delaware corporation, which would subject it to greater shareholder oversight and require an annual election of directors....
International Edition