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May 28, 2024 | The Legal Intelligencer

'No Better Than a Racket'—Seventh Circuit Critical of Mootness Fees for Merger Disclosures

Judge Frank Easterbrook, disenchanted with the current "federal practice" of plaintiffs attorneys extorting fees in disclosure cases without conferring a meaningful benefit on stockholders, penned the opinion for a two-judge panel rejecting such fee agreements and empowering shareholders and federal courts alike to scrutinize these fees going forward.
6 minute read
March 20, 2024 | New York Law Journal

The Internal Affairs Rule Is Under Attack! Should We Care?

Few principles of law are as universally respected by U.S. courts as the "internal affairs rule." All state jurisdictions at least formally subscribe to this rule, and the Supreme Court has hinted it may be constitutionally required. Nonetheless, the New York Court of Appeals has agreed to hear a case asking the court to replace the traditional rule with an "interest-balancing" test.
11 minute read
November 29, 2023 | New York Law Journal

Congress Should Amend the Diversity Statute to Address LLCs

Marc Greewald and Leigha Empson discuss how Congress should amend the diversity statute so that citizenship of LLCs for the purposes of diversity jurisdiction would be determined by the LLC's principal place of business and the state under whose laws it is organized, not by the citizenship of each of its members.
12 minute read
May 18, 2023 | Delaware Business Court Insider

Report: Prominence of Delaware Federal Court's Securities Caseload Dipped in 2022

At the same time actions around new corporate structures like SPACs and new technology like cryptocurrency have fueled a surge in some areas.
3 minute read
April 19, 2023 | Delaware Business Court Insider

Revlon Does a 'Mindbody' Good

In the 120-page opinion for In re Mindbody, Chancellor Kathaleen McCormick throws shade on Corwin, finding Mindbody's sales process run by Richard Stollmeyer—founder and then-CEO—was not cleansed by Corwin and holding him and Mindbody's private equity acquirer, Vista Equity Partners, liable.
8 minute read
Law Journal Press | Digital Book Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions Authors: James C. Freund View this Book

View more book results for the query "Trulia"

October 05, 2022 | Corporate Counsel

Online Shopping Site Stitch Fix Appoints New Legal Chief

The company disclosed Scott Darling's departure in a regulatory filing. It wasn't immediately clear why he's leaving.
2 minute read
September 08, 2022 | The Legal Intelligencer

Zillow Hit With Digital Privacy Class Action

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
July 27, 2022 | The Legal Intelligencer

Nearly 180 Suits in 18 Months: Pa.'s Most Prolific Securities Filer Exposes New Dynamics of M&A Litigation

"Ten a month is a lot [for one firm]. For sure," a law school professor said. "Ten a month seems high even by the standards of this business."
9 minute read
March 31, 2022 | Delaware Law Weekly

District of Delaware Judges Again Led Securities Caseloads Despite 2021 Filing Decrease, Report Says

Crypto-centered cases might follow SPACs in that they stood out when they initially started trending but are beginning to level out as their context in the securities world is clarified, an expert said.
3 minute read
March 31, 2022 | Delaware Business Court Insider

Report: Despite 2021 Filing Decrease, District of Delaware Judges Again Led Securities Caseloads

Crypto-centered cases might follow SPACs in that they stood out when they initially started trending but are beginning to level out as their context in the securities world is clarified, an expert said.
3 minute read

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