U.S. District Court (New York) Rules Interest Rates on Loans Are Not Usurious

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Golock Capital, LLC v. VNUE, Inc., 2023 “Golock Capital, LLC (Golock) and DBW Investments, LLC (DBW; together, Plaintiffs)  issued seven loans in the form of convertible promissory notes to VNUE, Inc. (VNUE).  Golock and DBW have sued VNUE for breach of its...

U.S. District Court Overturns Jury Award for Consequential Damages

by Royer Advisors | Dec 11, 2024 | Uncategorized

Endless River Techs. LLC v. Trans Union LLC, 2023 The parties had entered into a development agreement and contract for services for “the  joint development and commercialization of a method for providing insurers on-line, real time comparison price quotes to...

Bankruptcy Appellate Panel Denies Employee Members of ESOP Claims Against Debtors

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Bennetti v. Oxford Restructuring Advisors LLC 2023 The Bankruptcy Court did not err in disallowing claims against debtors based on rights in an  ESOP. The ESOP, an S corporation, was only obligated to provide ESOP members with the  right to have distributions in cash....

Delaware Supreme Court Upholds ‘Entire Fairness’ of a Tesla Acquisition

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

In re Tesla Motors Stockholder Litig., 2023 This was an appeal of an April 2022 Chancery Court opinion. At issue was the 2016 stock  acquisition of SolarCity Corp. by Tesla Inc. Tesla’s shareholders claimed that Elon Musk  caused Tesla to overpay for SolarCity through...

U.S. District Court Overturns Jury Award for Consequential Damages

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Endless River Techs. LLC v. Trans Union LLC, 2023 The parties had entered into a development agreement and contract for services for “the  joint development and commercialization of a method for providing insurers on-line, real time comparison price quotes to...