By Chris O'Malley | June 27, 2024
Recent attacks on the Brentwood, Tennessee-based retailer underscore the risks faced by companies that seek to cast themselves as champions of diversity, equity and inclusion.
By Ellen Bardash | June 21, 2024
The shareholder proposes a class of those who purchased Nike Class B stock between March 2021, when Nike announced its third quarter financial results, and March 2024, when it was announced Nike would be scaling back on its direct-to-consumer strategy.
By Abigail Adcox | June 20, 2024
Law firms added laterals in their public company advisory and governance, white-collar, tax and energy groups.
By Greg Andrews | June 20, 2024
Chancellor Kathaleen McCormick of the Delaware Court of Chancery wrote in January that Tesla CEO Elon Musk "wields unusually expansive managerial authority, equaling or even exceeding the imperial CEOs of the 1960s."
By Colleen Murphy | June 20, 2024
"For the reasons that follow, we agree the LLC statutes do not empower the Department to rescind such certificates administratively, in the absence of a court order directing such relief," Presiding Appellate Division Judge Jack M. Sabatino said in his written opinion for the court.
Delaware Business Court Insider | Commentary
By Howard W. Robertson IV | June 19, 2024
The Delaware Court of Chancery recently had the opportunity to weigh in on a plaintiff's unique theory of director and officer fiduciary duties arising out of the stakeholder capitalism model of corporate governance.
Delaware Business Court Insider | Commentary
By K. Tyler O'Connell | June 19, 2024
In the recent decision of In re Hennessy Capital Acquisition IV Shareholder Litigation, the Delaware Court of Chancery observed that the ensuing "abundance of SPAC fiduciary duty claims suggests that stockholder plaintiffs have taken notice," and that SPAC litigation had become "ubiquitous" in the court.
Delaware Business Court Insider | News
By Ellen Bardash | June 18, 2024
The current proposal has spurred pushback well beyond the norm, with 50 law professors sending a letter to legislators urging them to reconsider passing the bill and instead leave the questions raised by Moelis to be addressed on appeal by the Delaware Supreme Court.
By Greg Andrews | June 18, 2024
Federal Judge Mark Pittman ruled the case became moot after Arjuna Capital promised to withdraw the climate change shareholder proposal that had spurred the lawsuit and to never submit anything similar again.
By Trudy Knockless | June 18, 2024
"The law teaches us how to think about both sides of things, how to anticipate issues, how to see around the corner, and all of those skills are very, very important to be a valuable board member," said ex-AbbVie Chief Legal Officer Laura Schumacher, a director of two companies.
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