June 07, 2023 | Corporate Counsel
Paul Hastings Conflict Waiver Has One Exception—and Coke Says It Applies, Making Document InvalidCoca-Cola told a judge that Paul Hastings' representation of a startup accusing it of a $100 million fraud is "substantially related" to the firm's work protecting Coke's reputation in human rights matters around the globe.
By Chris O'Malley
5 minute read
June 05, 2023 | Corporate Counsel
Fast-Rising GC Exiting Unisys for Another Legal Chief PostClaudius Sokenu joined the information services company in April 2022. Six months later, he got a big promotion. Now, he's leaving to be legal chief at another company.
By Chris O'Malley
3 minute read
June 01, 2023 | Corporate Counsel
Cano Health Hires Retired Weil Gotshal Star Amid Recovery EffortsFrederick Green had been head of the transactions practice at Weil Gotshal before retiring last year, ending his 44-year career with the firm.
By Chris O'Malley
2 minute read
June 01, 2023 | Corporate Counsel
Tech Companies Under Attack for Giving Founders Outsized Voting PowerActivist investors and shareholder-advisory firms say dual-class share structures can create fiefdoms. Supporters say they allow companies to focus on long-term value creation.
By Chris O'Malley
6 minute read
May 30, 2023 | Corporate Counsel
Amazon Turns Around Declining Shareholder Support for Exec PayThe tech giant launched a shareholder-outreach effort last year after support for its executive compensation plunged to 56%, down from 97% in 2019. That push appears to have won over some investors.
By Chris O'Malley
3 minute read
May 30, 2023 | Corporate Counsel
Strapped Legal Departments Finding Savings by Shifting Litigation to Smaller Law Firms"Clients are starting to understand that there are a lot of good attorneys out there that can provide lower-matter-value services at better prices," said Ken Callander, principal at Value Strategies.
By Chris O'Malley
4 minute read
May 26, 2023 | Corporate Counsel
Even as Multimillion-Dollar Fines Pile Up, Dollar General Says It's Making 'Sustained Effort' on Safety"As one of the nation's largest retailers, the company must focus its attention on resolving these issues and making corporate-wide changes to protect the safety and well-being of the people they employ," OSHA Assistant Secretary Doug Parker said.
By Chris O'Malley
4 minute read
May 24, 2023 | Corporate Counsel
SEC Keeps Delaying Rollout of Controversial Climate Disclosure Rules"Given the legal and political challenges, along with the need to craft a balanced set of rules—one that would be likely to survive a court challenge—it's hardly surprising that the process is taking longer than anticipated," according to Cydney Posner, a Cooley special counsel.
By Chris O'Malley
4 minute read
May 23, 2023 | Corporate Counsel
Judge Lets In-House Attorney Fearing 'Reputational Harm' From FDA Probe Keep Anonymity for NowChief Judge James Boasberg seemed underwhelmed with the attorney's arguments but granted the request anyway. Boasberg said the judge who'll be assigned the case might reach a different conclusion.
By Chris O'Malley
3 minute read
May 23, 2023 | Corporate Counsel
DOJ's New Self-Reporting Program Leaves Companies With Tough Call on Whether to Fess up"You're going to see scrutiny like you've never seen before," BakerHostetler partner John Carney said of the DOJ's pursuit of wrongdoing. "It's not like 20 years ago, when a company would circle the wagons and contain it."
By Chris O'Malley
5 minute read
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