Education technology company Chegg Inc.’s board—as well as its auditors at Deloitte LLP—will ask the Delaware Court of Chancery this week to dismiss investor litigation over allegations that company leaders made millions of dollars on stock sales, while keeping shareholders in the dark about a business model based on academic cheating. Meanwhile, major shareholders who opposed a Texas Pacific Land Corp. plan to issue additional shares will seek a reversal of a Chancery court ruling against them.
Here’s a look at more from the calendars for the Chancery Court and the Delaware Supreme Court this week:
Monday: Golden Rule Fin. Corp. v. S’holder Rep. Servs. LLC, Del. Ch., No. 2022-0065, trial 2/19/24.
Tuesday: Cleveland-Cliffs Burns Harbor LLC v. Boomerang Tube LLC, Del. Ch., No. 2022-0378, telephonic hearing 2/20/24.
Wednesday: City of Sarasota Firefighters’ Pension Fund v. Inovalon Holdings Inc., Del., No. 305, 2023, oral argument 2/21/24.
Wednesday: Horizon Kinetics LLC v. Texas Pacific Land Corp., Del., No. 478, 2023, oral argument 2/21/24.
Thursday: Stansell v. Rosenweig, Del. Ch., No. 2023-0180, oral argument 2/22/24.
Friday: Newman v. Sports Ent. Acquisition Holdings LLC, Del. Ch., No. 2023-0538, oral arguments 2/23/24.