Delaware High Court Partly Revives Investor Claims Against Dating Site Companies

( April 16, 2024, 8:45 AM EDT) -- WILMINGTON, Del. — The Delaware Supreme Court partially reversed a decision from the state’s Court of Chancery in a putative class case brought by shareholders questioning the fairness of a technology company’s spinoff from a controlled subsidiary, finding that the investors adequately alleged that one member of a separation committee lacked independence from the tech company....