Delaware Business Court Insider | News
By Tom McParland | November 20, 2017
A Delaware vice chancellor on Monday delayed making his ruling on a shareholder suit accusing Straight Path Communications Inc. of allowing its controller to funnel "hundreds of millions" of dollars' worth of assets away from the company as a part of its planned $3.1 billion sale to Verizon.
By Sue Reisinger | November 17, 2017
The bribery case that has plagued the world's largest retailer has provided some teachable moments for GCs.
Delaware Business Court Insider | News
By Tom McParland | November 16, 2017
The Delaware Court of Chancery has ordered the directors of Citigroup Inc. to make public high-level communications regarding the company's internal controls in a derivative suit brought by a group of investors in the investment banking firm.
By Sue Reisinger | November 16, 2017
Wal-Mart's new FCPA payout might not be huge, but the massive retailer has still racked up plenty of expenses around fixing its foreign bribery problems.
By Ross Todd | November 15, 2017
When Seth Weissman arrived at SolarCity in 2008, he was employee number 250 and the company's first full-time lawyer. By the time he left his post…
By Ross Todd | November 15, 2017
Steve Stokdyk, the former global co-chairman of Latham & Watkin's public company representation practice, discusses why companies and their boards turn to the firm in testy situations.
New York Law Journal | Analysis
By John C. Coffee Jr. | November 15, 2017
In his Corporate Securities column, John C. Coffee Jr. writes: The pattern of the vast majority of activist challenges being settled through private negotiations makes the settlement process academically interesting. What gets negotiated? And with what outcomes?
Delaware Business Court Insider | Commentary
By Jason J. Mendro and Jeffrey S. Rosenberg | November 15, 2017
It is an all-too familiar accusation to many directors: If only you had done something more, the corporation could have avoided an injury or loss. Since the mid-1990s, Delaware courts have repeatedly recognized that attempting to pin personal liability on directors for their alleged inaction is “possibly the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment,” as in In re Caremark International Derivative Litigation, 698 A.2d 959, 967 (Del. Ch. 1996).
Delaware Business Court Insider | News
By Tom McParland | November 14, 2017
A Booz Allen Hamilton shareholder on Monday filed derivative litigation against members of the government contractor's board, after the company announced in June that the U.S. Department of Justice had begun probing its accounting and cost-charging practices.
Delaware Business Court Insider | Commentary
By Edward M. McNally | November 14, 2017
Delaware recognizes the need to promptly resolve disputes over the composition of the board of directors of a Delaware corporation.
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