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September 13, 2022 | Daily Business Review

M&A World Roiled by 15% Corporate Tax Threatening Split-Offs

Split-offs are where a publicly listed parent company hives off a unit and stockholders then choose whether to own shares in either the parent or the new company.
4 minute read
In re Match Group Inc. Derivative Litig.
Publication Date: 2022-09-13
Practice Area: Deals and Transactions
Industry: E-Commerce | Investments and Investment Advisory | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Michael Hanrahan, J. Clayton Athey, Corinne E. Amato, Kevin H. Davenport, Jason W. Rigby, Stacey A. Greenspan, Prickett, Jones & Elliott, P.A., Wilmington, DE; Eric L. Zagar, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiffs.
For defendant: Blake K. Rohrbacher, Matthew W. Murphy, Sandy Xu, Richards, Layton & Finger, P.A., Wilmington, DE; Maeve O’Connor, Susan R. Gittes, Debevoise & Plimpton LLP, New York, NY; William M. Lafferty, John P. DiTomo, Elizabeth A. Mullin, Morris Nichols Arsht & Tunnell, Wilmington, DE; Theodore N. Mirvis, Alexandra P. Sadinsky, Canem Ozyildirim, Wachtell, Lipton, Rosen & Katz LLP, New York, NY; David E. Ross, Adam D. Gold, Ross Aronstam & Moritz LLP, Wilmington, DE; Blaire Connelly, Latham & Watkins LLP, New York, NY for defendants.
Case number: 2020-0505-MTZ

The court granted a motion to dismiss a complaint challenging a multi-step spinoff initiated by a corporation's controller.

September 09, 2022 | Law.com

The Rise of Threats and Attacks on the Judiciary

In this week's episode, Federal Bar Council leaders discuss the dangers judges face, how those dangers threaten the fair administration of justice and, most importantly, what can be done about the problem.
1 minute read
September 09, 2022 | Litigation Daily

Litigator of the Week Runners-Up and Shout Outs

Our first runners-up this week are Jennifer Saulino at Covington & Burling, Manuel Cachán at Proskauer Rose and their colleagues who extended Monsanto's defense win streak in Roundup trials.
6 minute read
September 08, 2022 | Law.com

Higher Law: Law Firms' Disappearing Links to a Pot-Prohibition Group | A Weed-And-Workers Lawsuit Filed Against Walmart | Perkins Coie's Work on a Trade Dress Suit Targeting Martha Stewart and Canopy Growth | Why Marijuana Companies Can't Make Enough Money

A nonprofit that's lobbying to block federal marijuana legislation has scrubbed the names of five law firms and dozens of other "corporate partners" from its website amid criticism from legalization advocates.
10 minute read
Law Journal Press | Digital Book New Jersey Tax Handbook 2024 Authors: Robert F. Connolly, MST, Susan K. Dromsky-Reed, Jeffrey D. Gordon, Tiffany Wagner Donio, Frances B. Stella, Alysse Mcloughlin, Kathleen Quinn View this Book

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September 06, 2022 | Delaware Business Court Insider

'Grind Us All Down': Twitter Slams Musk's Bid for Trial Extension, More Discovery

Elon Musk has asked to extend the trial timeline another month, while Twitter argues the entrepreneur is simply trying to manipulate the litigation process to get out of buying Twitter.
4 minute read
August 30, 2022 | Daily Business Review

All the Banks, Billionaires and VCs Sucked Into Twitter v. Musk

Here are the people and firms each side has subpoenaed so far.
7 minute read
August 24, 2022 | Delaware Business Court Insider

Musk Attorney: Twitter's Word on User Stats Is No Substitute for Hard Data

"What Twitter is really saying to the court is, 'it doesn't matter. Trust us,'" an attorney for Elon Musk said to the Chancery Court. Musk wants to see Twitter's measurements of its monetizable daily active users.
3 minute read
August 18, 2022 | Corporate Counsel

Inside Track: Will Your Company Be Activists' Next Target?

"The worst question an activist can ask is the one you haven't thought about," according to a Boston Consulting Group report.
5 minute read
August 18, 2022 | Law.com

Inside Track: Will Your Company Be Activists' Next Target?

"The worst question an activist can ask is the one you haven't thought about," according to a Boston Consulting Group report.
5 minute read

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