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Category: owes

  • Delaware bankruptcy court says Yellow owes pensions, stock drops 90%

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    Investor Empires

    Yellow shares fell 90% Friday afternoon following a Delaware court ruling on its pension obligations. (Photo: Jim Allen/FreightWaves) A Delaware bankruptcy court offered some clarity late Friday on the $6.5 billion in liability claims against Yellow Corp., but the total amount the incomplete bankrupt company will pay remains undetermined. The…

  • Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal By Reuters

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    Investor Empires

    By Tom Hales WILMINGTON, Del. (Reuters) – A Delaware judge ruled on Wednesday that Johnson & Johnson owes Oris Health shareholders $1 billion in damages for breaching a 2019 agreement to acquire the privately held robotics developer. After a two-week trial, Deputy Chancellor Laurie Weil of the Court of Chancery…

  • Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal By Reuters

    •

    Investor Empires

    By Tom Hales WILMINGTON, Del. (Reuters) – A Delaware judge ruled on Wednesday that Johnson & Johnson owes Oris Health shareholders $1 billion in damages for breaching a 2019 agreement to acquire the privately held robotics developer. After a two-week trial, Deputy Chancellor Laurie Weil of the Court of Chancery…