State Delaware Financial News

The biomedical industry is adopting new standards to protect a primordial sea animal that is a linchpin of the production of vital medicines

MUMBAI : Go Airlines India Ltd, the operator of bankrupt Go First airline, aims to secure higher interim financing of ₹600-700 crore from banks and start with fewer flights than earlier planned in its revised strategy to resume operations, two people directly aware of the plan said. “We have revised our original plan.

WILMINGTON, Delaware (Reuters) -A Florida judge on Friday rejected a Walt Disney (NYSE:DIS) Co request to dismiss a lawsuit by an oversight district, a move that could make it harder for the entertainment giant to pursue its own case against Governor Ron DeSantis as part of a yearlong feud.

Warburg Pincus is in advanced negotiations with Canadian investor Brookfield Asset Management Inc. to acquire Everise Holdings, a Delaware-registered outsourcing company, said three people aware of the development. The deal is expected to value Everise at $1.2-1.3 billion, they said.

Go Airlines was on Thursday denied a motion for emergency arbitration in its dispute with U.S. engine maker Pratt & Whitney, a court filing with the U.S.

By Jack Queen

AMC Entertainment Holdings soared on Monday after a U.S. court blocked the theater chain's stock conversion plan that risked diluting investors' holdings. A Delaware court judge said on Friday declined to approve the proposed settlement by AMC in a case that has alleged the company planned to convert preferred stock to common to circumvent the will of common stock holders who had opposed the issuing of new shares.

By Medha Singh

(Reuters) -AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court's concerns over other shareholders.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Strong profits can’t keep Tesla from dropping; housecleaning at Ford; and Delaware signs a new law.

Sam Bankman-Fried's younger brother, who was a top lobbyist for failed crypto exchange FTX, considered purchasing the island nation of Nauru in the Pacific to create a fortified apocalypse bunker-state, a lawsuit filed in Delaware bankruptcy court shows.

Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to survive a global catastrophe using funds from the now-defunct cryptocurrency exchange.

By Jonathan Stempel

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Bankman-Fried's Alameda Research hedge fund; former FTX technology chief Zixiao «Gary» Wang; and former FTX engineering director Nishad Singh. FTX said the defendants continually misappropriated funds to finance luxury condominiums, political contributions, speculative investments and other «pet projects,» while committing «one of the largest financial frauds in history.» The alleged fraudulent transfers occurred between February 2020 and November 2022 when FTX filed for Chapter 11 protection, and can be undone--or «avoided»--under the U.S.

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than US$1 billion they allegedly misappropriated before FTX went bankrupt.

Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company's lawyers, who accuse him and members of his leadership team of stealing hundreds of millions of dollars.

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Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a series of cases arising from Elon Musk's acquisition of the social media company. The proposed class action filed in Delaware federal court by former Twitter senior engineer Chris Woodfield also alleges that the company targeted older workers for layoffs, a claim that has not been made in the other pending cases. Woodfield, who worked for Twitter out of Seattle, says the company repeatedly told employees that they would receive two months' salary and other payouts if they were laid off, but that he and other workers have not received the money.

Current and former directors of Tesla Inc. have agreed to return more than $735 million to the electric-vehicle maker to settle a shareholder lawsuit alleging that they unjustly enriched themselves with excessive compensation

(Reuters) — An AMC Entertainment (NYSE:AMC) Holdings Inc. shareholder sued the theater chain in Delaware court on Monday, saying AMC is late in holding its annual meeting where shareholders elect members of the company's board.

Maine. As weather conditions progress, watches and warnings have been implemented across the state. The National Weather Service has activated a tornado watch for Cumberland and York County, indicating the potential for tornado formation in these regions.