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Latest News in Securities

• July 24, 2024

  Chancery OKs $6M Deal Recovery After 'Voidness' Ruling

  The Delaware Supreme Court's partial reversal last year of a vice chancellor's findings that upheld an investment company's foreclosure on $50 million in co-founder equity units cleared the way on Wednesday for the same company to recoup more than $6 million in damages and expenses.

• July 24, 2024

  Vista Outdoor Sued In Chancery For Docs On Sale Plans

  A Vista Outdoor Inc. stockholder has sued in Delaware's Court of Chancery for records on the company's breakup and sale plan, which saw directors abandon an initial effort to spin off but retain an interest in its sporting products business and instead propose a sale to Czechoslovak Goup a.s.

• July 24, 2024

  Priest Loses Fee Bid After 'Split Baby' SEC Verdict

  A Greek Orthodox priest and hedge fund founder who largely beat a U.S. Securities and Exchange Commission suit is not entitled to recoup $1.7 million in legal fees because the commission was justified in bringing the case, a Boston federal judge ruled Tuesday.

• July 24, 2024

  Cuban Bank Denies Transferring €72M Debt To Offshore Fund

  Cuba's former central bank told an English appeals court Wednesday that an offshore fund cannot sue it over €72 million ($78.2 million) of unpaid sovereign debt, because it did not consent to the assignment of the debt to the fund.

• July 24, 2024

  Vintage Wine Estates Hits Ch. 11 With Intent To Sell Assets

  Vintage Wine Estates, which owns 30 wine brands in California, Oregon and Washington, filed for Chapter 11 protection Wednesday with a plan to sell its assets after post-pandemic wine demand dropped.

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