The judges on Delaware's prominent business court are violating the First Amendment of the U.S. Constitution by holding "secret" hearings, according to a nonprofit group that sued to unseal the proceedings.The Delaware Coalition for Open Government Inc sued the five judges on the state's Chancery Court to open the court's arbitration hearings to the public.The court, which has been a venue for prominent corporate law trials involving Walt Disney Co and eBay Inc , adopted private business arbitration rules last year. The proceedings take place before a sitting judge, can run for days and include the presentation of evidence."The only difference is that now these procedures and rulings occur behind closed doors instead of in open court," said the complaint, filed in Delaware's federal district court.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. Shares of DIS fell by 2.43% or $-0.86/share to $34.51. In the past year, the shares have traded as low as $28.99 and as high as $44.34. On average, 15468200 shares of DIS exchange hands on a given day and today's volume is recorded at 7812429.
eBay Inc. (eBay) bring together buyers and sellers every day on a local, national and international basis through a range of Websites. Shares of EBAY fell by 2.16% or $-0.7/share to $31.67. In the past year, the shares have traded as low as $24.08 and as high as $35.35. On average, 14527700 shares of EBAY exchange hands on a given day and today's volume is recorded at 10401499.
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