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The entire fairness standard of review applied to the question of director self-compensation.
Del. Chancery Court Green-Lights Derivative Lawsuit Targeting Director Pay
The suit, from Goldman investor Shiva Stein, alleged that the Goldman board for years had set its pay at nearly twice the rate of that provided by similarly situated competitors, who either equaled or outperformed the New York-based investment bank.Dozens of Plaintiffs Lawyers Vie to Lead Data Breach Case Against Marriott
Victims' lawyers cited diversity and experience in data breach cases in submitting applications for leadership roles. None said they used third party litigation funding—one of several disclosures required by U.S. District Judge Paul Grimm in Maryland.Dozens of Lawyers Vie to Lead Data Breach Case Against Marriott
Victims' lawyers cited diversity and experience in data breach cases in submitting applications for leadership roles. None said they used third party litigation funding—one of several disclosures required by U.S. District Judge Paul Grimm in Maryland.CBS Investor Sues for Access to Report, Docs Related to Moonves Ouster
The lawsuit, filed Wednesday in Delaware Chancery Court, alleged it was "common knowledge" among board members that Moonves had committed repeated acts of sexual misconduct "before and throughout" his tenure as chief executive.Ford Investor Sues for Access to Records on Employee Harassment Allegations
The books-and-records suit, filed Monday afternoon in Delaware Chancery Court, alleged that Ford and its directors had failed to provide information related to allegations from Ford employees, which resulted in two multimillion settlements, including a $10.1 million payout in 2017 to resolve claims by women and black employees at its two Chicago plants.Pauley Rips Investment Firm's Tardy Bid to Secure Slice of BofA Settlement
The federal judge took Gaia Holdings to task for its late attempts to get a slice of the multimillion dollar settlement of Bank of America's actions ahead of the burst of the housing bubble.Superior court erred in upholding the lower courts decision on the unenforceability of appellant non-attorneys fee splitting agreement with appellee attorneys because the action was not per se barred by the violation of rule 5.4 of the rules of professional responsibility since the conduct rules ought not be interposed into substantive law. Reversed.
Tackle Fee-Sharing Gray Areas Now, Before the Next Test Case
The time has come to abandon a one-size-fits-all approach.Derivative complaint properly dismissed for failure to make litigation demand where stockholders allegations only established exculpated claim for directors bad faith, rather than personal liability for companys environmental violations.
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