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Generative AI: A Legal Ethics Roadmap and Reference Guide
The American Bar Association's Standing Committee on Ethics and Professional Responsibility released ABA Formal Opinion 512: Generative Artificial Intelligence Tools on July 29. Here's a roadmap of how we got here, and a reference guide to where we are with select case law and legal ethics rules in the era of GenAI.Court dismissed derivative complaint where stockholder failed to show that a majority of the board faced personal liability for willfully ignoring deficiencies in corporate oversight systems or signs the company faced a strong likelihood of corporate trauma.
Judgment Vacated; Statute, Precedents Required Judge's Pre-Judgment Disqualification
Court dismissed former stockholder's fiduciary duty claim arising from breach of merger agreement leading to reduced merger consideration where the reduced price still provided a premium over the stock price and the stockholders approved the merger in an informed vote.
Court overruled corporation's objections to custodian's legal fee petitions where court had already ruled on custodian's entitlement to fees and found no basis to support corporations' challenges to the reasonableness of the fees.
Appeals & Motions List released on:April 4, 2024
Although the Delaware General Corporation Law only required a corporate board to approve and recommend an essentially complete version of a merger agreement, the draft version approved by defendants failed to meet this standard by omitting key terms and ancillary documents repeatedly referenced throughout the agreement.
Recognizing the Role of the Bench and Bar in Improving the Lives of Women and Girls
Keynote speakers for the event were U.S. District Judge Esther Salas of the District of New Jersey, whose advocacy following the murder of her son led to passage of the Daniel Anderl Judicial Security and Privacy Act, and Maria Cruz Melendez, a partner at Skadden, Arps, Slate, Meagher & Flom.Mexican Banks Had Contacts With NY Based on Sales by 'Pass-Through' Broker-Dealers
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