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Thursday, December 27, 2018

State revenue estimate rises by $66 million

The Delaware Economic and Financial Advisory Council forecast a $66 million increase in estimated revenues. The December forecast is used to calculate the governor’s proposed budget for fiscal 2020. Gov. John Carney is expected to follow...

Lawyer facing possible sanctions allowed to withdraw from Chancery case

A lawyer involved in a Chancery Court  case  over employee  recruitment  has been allowed  to withdraw from the case,  rather than face possible disciplinary action. Chancery Daily  (subscription) reported  the ruling  is a rarity for the...

State rolls out regs designed to sniff out LLCs formed for illicit...

Regulations slated to take effect Jan. 1 will require new business entity formed in Delaware be screened against lists of persons and groups prohibited from doing business in the United States.  “Know Your Customer” rules...

Tanker’s oily discharge results in $2 million fine after crew member hands over...

Navimax Corporation, incorporated in the Marshall Islands with its main offices in Greece, was sentenced  to a $2 million fine  by United States District Court Judge Maryellen Noreika for a violation of the Act...

Lawsuit filed by Delaware and dozens of stares expands to price fixing 300...

A lawsuit filed by Delaware and other  states over an alleged “generic drug” price fixing cartel has been expanded to 300 drugs, the    Washington Post    reported. The suit has expanded from a few drugs...

The fair workweek –  Could it come to Delaware?

Good afternoon, Neighboring Philadelphia moved toward the bleeding edge when it comes to “workers rights” issues. The council overwhelmingly passed a fair workweek law  that requires larger employers with many locations  to post schedules a couple of...

Delaware part of 42-state settlement over debt collection practices

Delaware joined 41 other states and the District of Columbia in reaching a settlement regarding debt collection practices with Encore Capital Group Inc. and its subsidiaries Midland Credit Management, Inc. and Midland Funding, LLC,...

David’s Bridal files for Chapter 11 in Delaware

David’s Bridal  has filed for Chapter 11 in Wilmington  as the company works to reduce its debt load. A tuxedo-clad   CEO Scott Key spoke  in a  video in making the announcement. Key said the company had...

Ballard Spahr law firm plays role in successful effort to restore press access to...

Ballard Spahr, which operates an office in Wilmington,  was part of a successful effort to restore access to the White House for CNN report Jim Acosta. U.S. District Judge Timothy Kelly in an oral ruling...

Newly elected County Council member faces lawsuit over  St. Lucia villa

A newly elected New Castle County Council member and a museum are facing a lawsuit from a family member over a villa in the Caribbean and its use in donations. Chancery Daily (subscription)  reported he Chancery...