Hints and tips:
...by the Delaware Chancery Court....
...March 8 2023: Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI), the holding company for Silvergate Bank (“Bank”), today announced its intent to wind down operations and voluntarily liquidate...
...The billionaire formed a trifecta of holding companies under variations of “X Holdings” in Delaware earlier this year to facilitate his purchase of Twitter, a nod to X.com, his first online payments venture...
...It runs as a public benefit corporation, “creating open-source software that medical regulators can use to rapidly understand how a study design operates and form confident opinions”, per its website....
...The vast majority of large US companies are incorporated in Delaware, which is perceived as shareholder-friendly and where the courts have been clear that a corporation’s reason for existence is to serve...
...SPV sponsors typically register the vehicles as Delaware limited liability corporations granting financial interests to accredited investors....
...He has warned that, “if historical trends continue, a handful of giant institutional investors will one day hold voting control of virtually every large US corporation”....
...But the Delaware court filings provide us with some insight into the convoluted network of shell corporations that outside acquirers had to navigate to get a sense of its ownership and financial structure...
...Smart reads More cases, more justice(s) Even if Delaware courts have turned friendlier to corporations in recent years, their workload is increasing....
...Zenbanx accounts are insured through a partnership with WSFS Bank, the banking arm of a $6.6bn-in-assets group headquartered in Delaware....
...He also adds that takeover rules in the US are generally the same whether you are acquiring a Delaware corporation or a California corporation....
...They were laying the foundations for a multinational mining company called Eurasian Natural Resources Corporation (ENRC). Mirakhmedov was assigned to the ferro-alloys division....
...The Caesars holding group controlled by Apollo and TPG is pledging to contribute to creditors a package of cash and securities they value at $4bn....
...That was a record fine by the FDIC, more than nine times bigger than the $15m paid by First Bank of Delaware for BSA violations in November 2012....
...As chronicled below, in little more than six months, Defendant owners, fiduciaries, and affiliates of a hopelessly insolvent Delaware corporation, Caesars Entertainment Operating Company, Inc....
...Apollo and TPG, which invested about $1.4bn each in the casino group, have marked their total Caesars holdings at 50 cents on the dollar....
...A Delaware bankruptcy judge will be asked to ratify the auction result on Tuesday....
...General Corporation Law....
...The group’s collapse in September 2008 triggered a lengthy bankruptcy process. It also left behind two mortgage-focused subsidiary banks, Delaware-based Aurora and Utah-based Woodlands Commercial Bank....
...The poison pill put in place to prevent Yucaipa’s stake-building was eventually upheld by a Delaware court....
...at the University of Delaware....
...Some of the ruling’s sweeping language will boost Barclays US business, just a week after a Delaware judge sharply criticised the bank over its dual role in the planned $5.3bn sale of Del Monte, the US food...
...AB InBev said Budweiser continued to be distributed in Vietnam and that its current distributor was Redwood Holdings US, a Delaware limited liability company incorporated in April 2010....
...There is a common perception that Delaware law says the board’s job is to maximise shareholder profit....
...Huntsman Corporation, the chemicals group sued by prospective suitor Apollo Management last week, drew its own legal sword on Monday and sued the private equity firm, along with its partners Leon Black and...
International Edition