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Catching Up With Delaware's Chancery Court

By Katryna Perera and Jeff Montgomery ( June 23, 2025, 4:12 PM EDT) -- The Delaware Supreme Court reversed a year-old $199 million judgment against TransCanada in a suit challenging a merger that occurred nearly a decade ago, citing a recent ruling in another suit related to a defendant's culpability for participating in another's breach of fiduciary duty. Aspen Technology Inc. was hit with another suit over its pending $7.2 billion merger with Emerson Electric, and Nielson Holdings Ltd. secured a temporary restraining order against its spinoff....

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