By Craig Trudell | February 7, 2022
Tesla received another subpoena from the U.S. Securities and Exchange Commission about Elon Musk's tweeting in 2018 that he was considering taking the carmaker private.
By Patrick Smith | February 4, 2022
Cravath's work revealed unexpected additional information that led to the longtime CNN president's resignation.
By Patrick Smith | February 4, 2022
Cravath's work revealed unexpected additional information that led to the longtime CNN president's resignation.
By Amy Guthrie | February 3, 2022
Global law firms are increasingly guiding the issuance of sustainability-linked bonds from the region while brainstorming with clients to craft meaningful ESG goals.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | February 2, 2022
At common law, before the directors could sell all the assets of a healthy corporation, they had to obtain unanimous stockholder approval. The unanimity requirement gave rise to holdout problems, where a minority of stockholders could block a transaction.
The Legal Intelligencer | Commentary
By Kevin P. Allen | February 1, 2022
In particular, the Sandoz court held that, even wholly within a corporate client, nonlawyer personnel cannot disseminate corporate counsel's legal advice without losing the privilege; and the court held that the common interest privilege attaches only to communications that include lawyers representing all of the clients participating in the common effort, and does not apply to communications between or among the clients themselves.
By Ellen Bardash | January 27, 2022
U.S. District Judge Ronnie Abrams dismissed the claims brought against the Kentucky-headquartered oil manufacturer and distributor by Ashland Global Holdings Inc., which a McCarter & English team argued Valvoline should have to repay for tax attributes and related benefits valued at about $29 million.
New York Law Journal | Analysis
By David A. Katz and Laura A. McIntosh | January 26, 2022
The SEC appears likely to embark upon a rulemaking process that would require ESG—or, more accurately, EESG (Employee, Environmental, Social and Governance)—disclosures from large private companies.
Delaware Business Court Insider | Commentary
By Albert H. Manwaring IV | January 26, 2022
The Delaware Court of Chancery applied entire fairness review and held that the plaintiff stockholders had stated legally sufficient "nonexculpated claims against the controlling stockholder and directors" of Churchill Capital Corp. III, a SPAC, in connection with its de-SPAC merger with a private operating company.
By Dan Packel | January 26, 2022
The firm's Independent Strategic Advisory Board appears to be a first in the Am Law 100.
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