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Federal Administrative Court Confirms Validity of Opting-Out Clause

2015-09-02 07:00:00| Coatings World Breaking News

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Delta Air Lines wants court to take Dallas Love Field gates from Southwest Airlines

2015-09-01 19:47:10| Airlines - Topix.net

It originally asked U.S. District Judge Ed Kinkeade to force the city of Dallas to accommodate Delta's flights on Southwest Airlines gates. Now, it wants the judge to take two gates away from Southwest and make them available for all airlines to use.

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Client Alert: Court Finds Dole Food Company Directors Liable; Awards $148M in Damages

2015-09-01 11:23:43| Agriculture - Topix.net

In re Dole Food Company, Inc. Stockholder Litigation , Consolidated C.A. No. 8703-VCL In re Appraisal of Dole Food Company, Inc. , Consolidated C.A. No.

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Uber Faces $300,000 Fine, Court Case From Philadelphia Regulators

2015-09-01 02:00:24| Real Estate - Topix.net

The ride-hailing service Uber has served more than 1 million customers in Philadelphia, despite operating under disputed terms for nearly a year. Now the city's regulators are taking the company to court.

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M&A Update: Delaware Court Finds Dole Executives Personally Liable...

2015-08-31 14:24:25| Food - Topix.net

In its August 27th post-trial opinion, In re Dole Food Co., Inc. Stockholder Litigation, the Delaware Chancery Court held Dole executives David Murdock and Michael Carter personally liable for $148 million in damages for undermining and interfering with the special committee's efforts to obtain a fair price for Dole's minority stockholders following Murdock's decision to take the Company private in 2013. The decision emphasizes that transactions with a controlling stockholder that employ the dual procedural protections of independent director and "majority of the minority" approval must actually adhere to the substance and purpose of those protections.

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