This Week in Chancery Court: Revived Kraft Heinz Litigation

Shareholder litigation over $1.2 billion in sales of Kraft Heinz stock just before its share price plummeted in 2018 gets another airing in the Delaware Chancery Court this week.

Here are the highlights from a calendar that’s shortened by the upcoming holiday:

Monday: Rosenbaum v. Quarles, Del. Ch., No. 2024-0552, oral arguments 3/30/26.

At issue: The former president and CEO of Trecora Resources, which makes synthetic wax and other specialty petrochemicals, has asked the Chancery Court to dismiss a lawsuit alleging shareholders were misled about conflicts of interest in the company’s $247 million sale to Balmoral Funds LLC ...