The Delaware Court of Chancery, in In re WeWork Litigation, C.A. No. 2020-0258-AGB (consol.), memo. op. (Del. Ch. Dec. 14, 2020), found plaintiff company had standing as stock issuer to sue for defendants’ alleged breach of a contractual duty to pursue a partial tender offer for plaintiff’s shares, concluding that plaintiff will conceivably be injured even without financial loss.
NEW: Tulane Law’s Professor Ann Lipton discusses the decision in The I in We.
NEW: Morris James discusses the decision in Chancery Sustains CEO’s Contract Claims in WeWork Litigation.
Francis Pileggi discusses the decision in A Recent Chancery Decision Addresses Tandem Breach of Contract and Breach of Fiduciary Duty Claims.
Bloomberg discusses the decision in WeWork, SoftBank Fail to Get Suit Over Stock Deal Dismissed.