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This Week in Chancery Court: Snap and Popwallet, Subnautica Game

Delaware’s Court of Chancery will hear post-trial arguments in a $250 million earnout suit tied to the postponed release of a popular underwater-survival game’s next installment. And it will consider Snap Inc.‘s motion to dismiss a lawsuit brought by a co-founder of Popwallet Inc., which the social media giant acquired, saying its stockholders were fraudulently induced into the 2021 deal.

Golden Gate Insurer PHL Veers to Liquidation as Rehab Hopes Fade

State regulators are abandoning a plan to rehabilitate PHL Variable Insurance Co. and may pursue liquidation instead, after finding that the struggling life insurer — acquired by private equity firm Golden Gate Capitala decade ago — is in worse shape than previously thought.

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