Remove companies netsuite-inc
article thumbnail

Oracle Opposes Investors' $5M Fee Bid In Chancery Case

Law 360 M&A

billion company deal for NetSuite Inc., arguing they should not be rewarded after "dragging" the company and directors and officers "through years of meritless litigation." Oracle Corp.

40
article thumbnail

Oracle Class Attys Seek $5M Chancery Fee Despite Case Toss

Law 360 M&A

billion company deal for Netsuite Inc. are seeking a $5 million "mootness fee," citing the company's mid-case decision to add two independent directors to its board. Oracle Corp. stockholder class attorneys who lost a Delaware Chancery Court challenge to an allegedly overpriced, $9.3

40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Chancery Rules Ellison Didn't Coerce Oracle To Buy NetSuite

Law 360 M&A

Ellison did not coerce the company into paying $3 billion too much for NetSuite Inc. Oracle Corp. founder Lawrence J. in 2016 and did not mislead a special board committee that was negotiating the $9.3 billion deal, the Delaware Chancery Court ruled Friday.

40
article thumbnail

Oracle, Class Attys Spar Over Oracle Suit Post-Toss Fees

Law 360 M&A

stockholder attorneys and company founder Larry Ellison in Delaware Chancery Court over proposed cost-shifting and corporate benefit claims after a vice chancellor's decision May 12 to dismiss a six-year-old suit accusing Ellison of orchestrating an overpriced $9.3 billion deal for Netsuite Inc.

40
article thumbnail

Ellison Pressed On His Account Of Oracle-NetSuite Deal

Law 360 M&A

stockholder attorney challenged company founder Lawrence J. billion acquisition of NetSuite Inc. An Oracle Corp. Ellison Wednesday on ambiguities in accounts of his role in a $9.3 in 2016, midway through a Delaware Chancery Court trial on claims that Oracle overpaid by $3 billion.

40
article thumbnail

Del. Trial Over Oracle's $9.3B NetSuite Buy Starts Next Week

Law 360 M&A

leaders over the company's $9.3 billion acquisition of NetSuite Inc. A derivative stockholder suit in Delaware Chancery Court against Oracle Corp. in 2016 goes to trial for 10 days in Georgetown, Delaware, next week after more than five years of litigation and five amendments to the complaint.

40
article thumbnail

Keeping Up With M&A Case Law – Spotlight on Recent Delaware Decisions

Cooley M&A

No Corwin for post-closing claims for injunctive relief In In re Edgio, Inc. Signal Companies , the Chancery Court said that the answer depended on “whether the sale of assets is quantitatively vital to the operation of the corporation and is out of the ordinary and substantially affects the existence and purpose of the corporation.”

Equity 52