Stephen Blake

Stephen Blake

September 04, 2023 | The Recorder

Challenges to Corporate Decision-Making in the Face of Increasingly Polarized Responses to ESG Initiatives

A wave of "conservative" political lawsuits and advocacy campaigns seeking to advance "anti-ESG" or "anti-woke" themes have resulted in certain companies de-emphasizing disclosure of their ESG initiatives, according to Simpson Thacher & Bartlett's Stephen Blake and Sareen Armani.

By Stephen Blake and Sareen Armani

9 minute read

June 16, 2023 | The Recorder

Inside the 'Circle of Confidentiality': Protecting Privilege in Transactional Stockholder Disputes

Corporate counsel must think careful about the rules of privilege and take proactive steps to ensure that proper protections are in place to avoid after-the-fact surprises, according to Simpson Thacher & Bartlett's Stephen Blake and Marissa Lambert.

By Stephen Blake and Marissa Lambert

8 minute read

March 09, 2023 | The Recorder

Burgeoning 'Caremark' Claims Likely to Drive Stockholder Demands

There has been a noticeable increase in the frequency of Caremark claims over the past four years, and this trend carries significant implications for companies' design of their oversight structures, as well as for the potential liability of directors and officers, according to Stephen Blake and Jordan Lamothe of Simpson Thacher & Bartlett.

By Stephen Blake and Jordan Lamothe

13 minute read

December 09, 2022 | The Recorder

Taking Stock of Recent ESG Regulatory and Shareholder Litigation Developments

Corporate boards have recently been confronting increasing interest in ESG initiatives from investors and securities regulators.

By Stephen Blake

10 minute read

September 29, 2021 | The Recorder

SPAC Action Met With Litigation and Regulatory Reaction

Consistent with Newton's Third Law, the SPAC boom has seen an significant reaction from regulators, civil plaintiffs, academics and commentators of all stripes.

By Stephen Blake

9 minute read

June 04, 2021 | The Recorder

Taking Stock of COVID-19 Deal Break Litigation

The lawsuits as a result of a breakdown of deals during the pandemic elucidate the approaches taken by the courts and merger parties in resolving deal disputes arising from the extraordinary circumstances of the last year.

By Stephen Blake

8 minute read

March 02, 2021 | The Recorder

Along Came SPACs, and Then SPAC Litigation

Observers anticipate a growing number of lawsuits related to SPACs over the next several years. These lawsuits will have many similarities to traditional securities and M&A litigation, but will also develop their own rubrics given the unique features of the SPAC model, says Stephen Blake of Simpson Thacher & Bartlett.

By Stephen Blake

9 minute read

November 17, 2020 | The Recorder

Fault Lines Between Delaware Corporate Law and California Public Policy

This year, a number of decisions in both California and Delaware have traced the fault lines between the two states' approaches playing out across multiple areas of corporate law.

By Stephen Blake

10 minute read

August 14, 2020 | The Recorder

Taking Stock of Recent COVID-19 Shareholder Litigation

The continued widespread business uncertainty caused by COVID-19 and the associated higher market volatility provide a fertile environment for event-driven securities litigation, says Simpson Thacher & Bartlett's Stephen Blake.

By Stephen Blake

7 minute read