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The Latest Breaking News from Delaware

Meta Shareholders Sue Mark Zuckerberg, Peter Thiel For $8 Billion Over Privacy Violations Linked To Cambridge Analytica Scandal

On Wednesday, a trial began in Delaware, where Meta Platforms, Inc. (NASDAQ:META) shareholders are seeking $8 billion in damages from top executives, including Mark Zuckerberg, Peter Thiel and Sheryl Sandberg, over alleged failures to protect user data following the Cambridge Analytica scandal.

Benzinga

‘I’ve never heard that rule at Walmart’: Delaware woman puts BIC lighter back while standing in Walmart checkout line. Then a worker tells her off

A Walmart shopper says employees embarrassed her not once, but twice, after a routine shopping trip left her questioning whether to ever return to the mega-retailer. Was she in the wrong, or did the workers go too far?

The Mary Sue

Truck smashes through barrier and plunges off a bridge into the Delaware River

A tractor-trailer cab plunged off the Delaware Memorial Bridge into the Delaware River near Wilmington

The Independent UK

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Pfizer, Sanofi Find Relief As Delaware Top Court Rejects Zantac Expert Testimony

The Delaware Supreme Court has overturned a lower court’s decision that allowed expert testimony supporting plaintiffs’ claims in a high-profile case alleging that Zantac, or its generic ranitidine, can cause cancer.

Benzinga

Mattress chain store operating in five states files for bankruptcy

American Mattress filed for Chapter 11 bankruptcy in Delaware, affecting only its 52 stores in Illinois and Indiana.

The Independent UK

Byju Raveendran held guilty of contempt by US court, civil sanctions imposed

Byju Raveendran, the co-founder of ed-tech giant BYJU’s, was held guilty of contempt by the Delaware Bankruptcy Court in the US on Monday, July 7. The court also imposed civil sanctions worth USD 10,000 per day on him beginning July 1. Byju had maintained that the Delaware court does not…

Newslaundry

Texas, Oklahoma and Nevada make changes to lure business amid Delaware’s ‘Dexit’ concern

Changes approved recently by lawmakers in Texas, Oklahoma and Nevada could help their states lure some of the big-money legal business that Delaware and its specialized court have dominated as the world’s incorporation capital

The Independent UK

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Amber alert issued for 3-year-old girl who was kidnapped at gunpoint

Nola Dinkins, 3, was allegedly abducted at gunpoint in Newark, Delaware, on Tuesday and is now the subject of an Amber alert.

The Independent UK

721 UPREIT DSTs: Real Estate Investing Expert Explores the Hidden Risks

Potential investors need to understand the crucial distinction between a REIT's option to buy a Delaware statutory trust's property and its obligation.

Kiplinger

Delaware lawyers are winning fee 'multipliers' as high as 66 times their hourly rate, study reveals

Could that bring about a corporate DExit from the state?

Fortune

Eight Ways to Financially Plan Your Way Through Challenging Times

A chief wealth strategist makes some suggestions about how to better position yourself financially while coping with economic uncertainty.

Kiplinger

Shipment of thousands of chicks found abandoned in USPS truck now overwhelming an animal shelter

More than 12,000 chicks at a Delaware distribution center were found left in a USPS truck for more than three days

The Independent UK

Why Big Companies Are Ditching Delaware: Is the Corporate Capital Losing Its Grip?

'Dexit' could fear a decline in Delaware's state revenue, which includes earnings from fees and taxes from establishing businesses.

International Business Times UK

Defunct media startup The Messenger settles class action lawsuit with former employees for $4.5 million

‘This settlement will not result in immediate payment to the class members, because Defendant’s assets are being liquidated in a separate proceeding in Delaware state court,’ the settlement agreement notes.

The Independent UK

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The Independent UK

Forecasters warn of fire risk amid low humidity, wind gusts as Pine Barrens fire burns

Forecasters are warning of low humidity and gusty wind increased the risk fire could spread across parts of New Jersey, Philadelphia and its suburbs and Delaware as firefighters continued to battled a vast wildfire in the Pine Barrens

Fortune

Ex-OpenAI employees sign open letter to California AG: For-profit pivot poses ‘palpable threat’ to nonprofit mission

In a new letter to the California and Delaware attorneys general, former OpenAI insiders and AI luminaries warn the company’s restructuring threatens its original mission—and the public’s stake in AGI

International Business Times

As Manufacturing Grapples, Strategic Value+ Embraces the Digital Transformation to Build a Smarter Future

Headquartered in Delaware, Strategic Value+ operates all the way from the West to the East Coast, empowering all US manufacturers to boost their strategies with efficiency and innovation.

The Guardian - US

‘If there’s fascism, we need to call it out’: Delaware governor on post-Biden world

Matt Meyer finds himself playing Whac-a-Mole as he deals with Trump’s capricious actions while pursuing an ambitious agenda of his own

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The Independent UK

Newsmax defamed Dominion Voting Systems, Delaware judge rules

Newsmax settled similar defamation case with Smartmatic last year

The Independent UK

Delaware was rattled by Big Business moving their legal homes. Here's a look by the numbers

Delaware is poised to give corporate officers more protections in its courts against shareholder lawsuits after criticism by business titans that rattled top public officials in what is called the world's corporate capital

The Independent UK

Corporate capital Delaware is changing its law in fight pitting corporate insiders vs. investors

Delaware lawmakers are putting aside protests from big investors and approving fast-tracked legislation that backers say will protect its status as the world's corporate capital

The Guardian - US

House hearing ends abruptly after Republican misgenders trans member

Heated exchange after subcommittee chair Keith Self calls first out trans representative Sarah McBride ‘Mr McBride’

Kiplinger

A Little-Known Tax Buster for Rich Retirees: Zero-Coupon DST

Maybe you've heard of using Delaware statutory trusts to defer taxes on real estate investments, but zero-coupon DSTs take those benefits a step further.

Reason

69PWNDU License Plate PWN'd by Tennessee Supreme Court

A short excerpt from today's long decision by Justice Sarah Campbell in Gilliam v. Gerregano (note that Sarah Martin and… The post 69PWNDU License Plate PWN'd by Tennessee Supreme Court appeared first on Reason.com.

Fortune

Elon Musk pay package: Can Tesla law firm change Delaware law?

With help from famed former judge Leo Strine, Delaware lawmakers have raced to propose a bill friendlier to controlling stockholders as the state scrambles to protect its $2 billion legal economy.

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Kathaleen St Jude McCormick

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