Delaware Business Court Insider | Commentary
By Nathaniel J. Stuhlmiller and Daniel S. Barrow | March 1, 2023
In Lordstown, the court makes clear that Section 205 of the Delaware General Corporation Law (the DGCL) is available as an equitable, efficient, and effective judicial path to validate certificates of incorporation and shares issued in reliance thereon that, following the Boxed opinion, were the subject of some uncertainty.
By Dan Roe | February 28, 2023
The Cleveland-founded Am Law 100 firm surpassed $900 million in gross revenue last year but saw net income fall 5.8%.
By Jane Wester | February 24, 2023
The criminal division policy was revised and the U.S. attorneys' policy was created in response to Deputy Attorney General Lisa Monaco's September memorandum instructing each DOJ component to develop and publish a voluntary self-disclosure policy.
By Chris O'Malley | February 24, 2023
"If the government's position were to prevail, a staggering number of federal agencies would have the unfettered ability to invade client confidences with an administrative subpoena," said Susanna McDonald, the Association of Corporate Counsel's chief legal officer.
By Dan Roe | February 16, 2023
The law firm posted 10% gains in gross revenue and profits per equity partner as M&A and private equity complemented strong litigation demand.
Delaware Business Court Insider | Commentary
By Albert H. Manwaring IV | February 8, 2023
While the Stone v. Ritter decision only recognized the oversight duties of directors, three years later, the Delaware Supreme Court ruled that "the fiduciary duties of officers are the same as those of directors." See Gantler v. Stephens, 965 A.2d 695, 709 (Del. 2009).
Delaware Business Court Insider | Commentary
By Kaan Ekiner and Mark Felger | February 1, 2023
In recent years, litigation over financial projections has increased in frequency. These claims, sometimes involving allegations of fraud, are typically decided by the Delaware Court of Chancery or the Delaware Superior Court's Complex Commercial Litigation Division.
Delaware Business Court Insider | Commentary
By Michael P. Maxwell and Alyssa Gerace Frank | February 1, 2023
'Twas the week before Christmas, and the Delaware Supreme Court delivered an early present to Loews Corp.: a resounding reversal of a 2021 Delaware Court of Chancery ruling excoriating the entire process through which Boardwalk Pipeline Partners' general partner took the company private and awarding the plaintiff investors with nearly $700 million in damages, plus interest.
By Colleen Murphy | January 31, 2023
"Respondent failed to notify anyone, including her employer Ricoh, of her administrative suspension," stated the decision. "Further, respondent failed to maintain records of the steps she took to comply with the Pennsylvania disciplinary rules governing suspended attorneys."
By Emily Saul | January 27, 2023
Defense counsel argues that the AG's use of the term "improperly group Defendants together, without regard to the nature or discrete legal identity of each Defendant."
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