Delaware Business Court Insider | Commentary
By Albert J. Carroll | May 15, 2024
In re Carvana Stockholders Litigation is another example of a board successfully employing this process to discontinue a derivative suit after directors weighed the pros and cons and made a good faith business judgment to dismiss.
Delaware Business Court Insider | Commentary
By Kaan Ekiner and Mark E. Felger | May 1, 2024
In Pilot v. Greg Abel, Vice Chancellor Morgan T. Zurn granted a motion to strike the defenses of unclean hands and in pari delicto because the defenses lacked a sufficient nexus to the contractual claims asserted by the plaintiff.
Delaware Business Court Insider | News
By Ellen Bardash | April 30, 2024
The Vice Chancellor said won't speed its consideration of a motion that could lift restrictions on shares of Trump Media & Technology Group Corp.
The Legal Intelligencer | Commentary
By Mark L. Lubin | April 30, 2024
Details of diligence engagements vary depending on the size and complexity of the target business, transaction budget, and the sophistication of accountants and other advisers, but they are usually intricate and time-sensitive. Errors can result in substantial tax liability and exposure. This article focuses on federal income tax aspects of tax due diligence from the perspective of purchasers' attorneys.
Delaware Business Court Insider
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
By Riley Brennan | April 24, 2024
In separate rulings by the U.S. Court of Appeals for the First Circuit and the Eastern District of Virginia, both judges ruled in favor of Otis Elevator Co. after the plaintiffs in each suit were injured in hotel elevators and attempted to hold the company accountable for negligence.
The Legal Intelligencer | Commentary
By Christopher D. Carusone | April 24, 2024
Corporate counsel must understand the difference between advocacy and obstruction when facing government investigations.
Delaware Business Court Insider | Commentary
By Chandra K. Shih, Alyssa Frederick and Sara Uz | April 24, 2024
In this article, we have focused on entities available under Delaware law. Delaware public benefit corporations (PBCs) emerged in 2013 and have become especially popular as a result of the increased demand for socially conscious business practices, combined with the familiar reliability of Delaware corporate law.
Corporate Counsel | Expert Opinion
By Darryl Lew, Courtney Hague Andrews and Nida Jafrani | April 19, 2024
The DOJ has raised the bar in terms of what it takes to earn the increased benefits available under the revised policy. This article summarizes the main revisions to the policy and draws lessons learned from the outcomes of negotiated corporate resolutions concluded since its adoption to inform the thinking of in-house teams whether they engage with the department proactively or reactively regarding potential criminal wrongdoing.
By Riley Brennan | April 17, 2024
The plaintiff sought to file an amended complaint, which would replace her short form complaint that defines "Permanent Chemotherapy Induced Alopecia," using identical language in which the multidistrict litigation court previously rejected. Chief U.S. District Judge Michael F. Urbanski rejected the plaintiff's request and agreed with Sanofi as to each of the plaintiff's claims.
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