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Delaware Supreme Court Upholds Attorney General’s Administrative Proceeding Enforcement Authority in Landmark Opinion

The Delaware Supreme Court has affirmed a lower court’s ruling in Swan Energy, Inc., Brandon Davis, John Schiffner, and Cody Davis v. Investor Protection Unit of Delaware Department of Justice dismissing constitutional challenges to the Delaware Department of Justice’s administrative process for enforcing alleged violations. The Delaware Investor Protection Unit (Unit) of the Delaware Department…

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CA and DE AGs Secure Safety and Oversight Commitments, Will Not Oppose OpenAI Recapitalization

Delaware AG Kathy Jennings announced that her office has issued a Statement of No Objection to the proposed corporate recapitalization of the artificial intelligence company, OpenAI, Inc., a Delaware nonprofit corporation headquartered in California. Following OpenAI’s creation of a public benefit corporation (PBC), AG Jennings reviewed the plan to ensure that (1) OpenAI’s public safety…

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AGs Settle Opioid Epidemic-Related Claims Against Amneal Pharmaceuticals for $272.5M

A coalition of AGs reached a settlement in principle with Amneal Pharmaceuticals, Inc., to resolve allegations that it contributed to the opioid epidemic in its role as a drug manufacturer. According to the coalition, Amneal allegedly knowingly failed to monitor and report suspicious orders placed by its customers, as required by federal law. Under the…

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