Top News & Analysis Delaware

  • WINNIPEG, Manitoba, Nov 9- The Canadian government will review the use of a suit used to shield laboratory workers from the Ebola virus after an employee found a tear following an experiment, the lab's director said on Wednesday. The worker at the National Centre for Foreign Animal Disease in Winnipeg, Manitoba may have been accidentally exposed to Ebola on...

  • Nov 8- Walgreens Boots Alliance Inc sued Theranos Inc on Tuesday, seeking $140 million in damages while accusing its onetime lab-testing partner of breaching a contract, according to court records. The Palo Alto, California- based company ran into trouble after the Wall Street Journal published a series of articles beginning in October 2015 suggesting its...

  • WILMINGTON, Del., Nov 6- As auto supplier Takata Corp prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability for the company's defective air bags, sources have told Reuters. In July, the 2nd U.S. Circuit Court of Appeals in Manhattan held that General Motors Co, the "new GM," could be...

  • WILMINGTON, Del., Nov 2- Valeant Pharmaceuticals International Inc was sued on Wednesday on behalf of investors in Sprout Pharmaceuticals Inc, which it bought last year for $1 billion, over its alleged failure to market the female libido pill Addyi successfully. According to a complaint filed in Delaware Chancery Court, Valeant neglected its obligations to...

  • WILMINGTON, Del., Nov 2- Valeant Pharmaceuticals International Inc was sued on Wednesday on behalf of investors in Sprout Pharmaceuticals Inc, which it bought last year for $1 billion, over its alleged failure to market the female libido pill Addyi successfully. According to a complaint filed in Delaware Chancery Court, Valeant neglected its obligations to...

  • WILMINGTON, Del., Nov 2- Valeant Pharmaceuticals International Inc was sued on Wednesday on behalf of investors in Sprout Pharmaceuticals Inc, which it bought last year for $1 billion, over its alleged failure to successfully market the female libido pill Addyi.

  • CHICAGO, Oct 28- Paragon Offshore Plc said on Friday it was evaluating its options after a U.S. judge rejected the offshore rig contractor's plan to exit bankruptcy, an unusual setback for a corporate Chapter 11 proceeding. In an oral ruling in U.S. Bankruptcy Court in the District of Delaware, Judge Christopher Sontchi said the plan was not feasible because it...

  • WILMINGTON, Del., Oct 26- A Delaware judge on Wednesday ordered Lynn Tilton's Patriarch Partners to turn over documents detailing the complex holdings of $2.5 billion distressed debt funds that the embattled investor lost control of this year. However, one of the Zohar funds defaulted last year and Tilton's Patriarch Partners investment firm stepped down as...

  • WILMINGTON, Del., Oct 26- A Delaware judge on Wednesday ordered Lynn Tilton's Patriarch Partners to turn over documents detailing the complex holdings of $2.5 billion distressed debt funds that the embattled investor lost control of this year. However, one of the Zohar funds defaulted last year and Tilton's Patriarch Partners investment firm stepped down as...

  • NEW YORK Oct 24- On Monday, Time Warner filed a disclosure at the Securities and Exchange Commission of its $85 billion merger agreement with AT&T. The SEC filing includes a provision notifying investors that Time Warner amended its bylaws over the weekend to direct all shareholder litigation to Delaware Chancery Court. The net effect of this recent precedent,...

  • CHICAGO, Oct 18- A leading bankrupt subsidiary of Abengoa SA won U.S. court approval on Wednesday to join a $10 billion debt-restructuring agreement in Spain, a week before a deadline for the renewable energy firm to secure creditor support for the plan. Abengoa, with a global renewable energy footprint, filed for pre-bankruptcy in November in Spain, and will...

  • CHICAGO, Oct 18- A leading bankrupt subsidiary of Abengoa SA won U.S. court approval on Wednesday to join a $10 billion debt-restructuring agreement in Spain, a week before a deadline for the renewable energy firm to secure creditor support for the plan. Abengoa, with a global renewable energy footprint, filed for pre-bankruptcy in November in Spain, and will...

  • WASHINGTON, Oct 13- Verizon Communications Inc said on Thursday it has a "reasonable basis" to believe Yahoo Inc's massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company. Verizon's general counsel Craig Silliman told reporters at a roundtable in...

  • Oct 12- Former telecommunications equipment company Nortel Networks Ltd reached an agreement with their various business units on Wednesday to divvy up the $7.3 billion raised from liquidating the failed company, paving the way for pensioners and creditors to get paid after a seven-year wait. According to the agreement, Nortel's former U.S. business unit...

  • ConocoPhillips said in an Oct. 6 filing PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings. ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a...

  • ConocoPhillips said in an Oct. 6 filing PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings. ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a...

  • ConocoPhillips said PDVSA operations, including an ongoing bond swap that uses shares in Citgo Holding Inc as collateral, are part of an effort to prevent Conoco from collecting compensation in a dispute over a 2007 nationalization of its Venezuela holdings. ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a World Bank...

  • Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the debt of its bankrupt subsidiary, Caesars Entertainment Operating Co Inc. "The risk that the Trilogy action will derail the reorganization is too great," Judge Benjamin Goldgar said in U.S. Bankruptcy Court in Chicago on Wednesday.

  • Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the debt of its bankrupt subsidiary, Caesars Entertainment Operating Co Inc. "The risk that the Trilogy action will derail the reorganization is too great," Judge Benjamin Goldgar said in U.S. Bankruptcy Court in Chicago on Wednesday.

  • CHICAGO, Oct 5- A U.S. judge on Wednesday halted a lawsuit against Caesars Entertainment Corp, saying it could derail last week's $5 billion agreement that was aimed at extracting the casino company from a costly bankruptcy. Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the debt of its bankrupt...