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August 08, 2023 | Corporate Counsel

KKR Gives New CLO Huge Stock Grant Contingent on Her Staying Five Years

The 100,000 shares doled out to Kathryn "Katie" King Sudol are worth $6.2 million at today's share price, but they won't vest unless the private equity firm's stock rises substantially.
2 minute read
August 08, 2023 | Daily Report Online

Georgia Fires Football Staffer Who Survived Fatal Crash, Less Than a Month After Lawsuit

The school issued a statement saying Victoria "Tori" Bowles was dismissed because she refused to cooperate with an internal probe into the crash. Her attorneys claim she is being retaliated against for filing the lawsuit, which also names former Georgia player and first-round NFL draft pick Jalen Carter.
3 minute read
August 08, 2023 | Law.com

USAA Allowed to Proceed With Products Liability Suit Alleging Humidity Control Device Under Piano Caused House Fire

In an Aug.1 opinion, Judge Theodore D. Chuang of the U.S. District Court for the District of Maryland denied summary judgment, concluding a genuine issue of material fact still existed regarding whether its product was defective and caused a house fire.
5 minute read
August 08, 2023 | New York Law Journal

Failure to Surrender Premises; Overcharge Claims: This Week in Scott Mollen's Realty Law Digest

Scott Mollen discusses "Adler Holdings II LLC v. Jill Stuart Intl. LLC," where both the tenant and guarantor were held liable for rent, and the tenant failed to leave the premises "broom clean," and "Wise v. 1614 Madison Partners," dealing with an overcharge claim in a building which received 421-a tax benefits.
16 minute read
August 08, 2023 | The American Lawyer

Shearman, Simpson Guide KKR's $1.6B Buy of Simon & Schuster

While most of the chatter around Shearman has been around its pending merger with A&O, the firm is still doing the good work while the vote looms.
2 minute read
August 08, 2023 | New Jersey Law Journal

NJ Supreme Court Parts With Federal Judge on Application of Bribery Statute

The New Jersey Supreme Court has held that Jason O'Donnell, the former Bayonne mayoral candidate who accepted $10,000 in a paper bag in exchange for an appointment as the city's tax counsel, did not need to win election to be subject to the plain words of the state's bribery statute.
5 minute read
August 08, 2023 | Delaware Business Court Insider

GSK Alleged Pfizer Infringes on Respiratory Virus Vaccine Patent

GlaxoSmithKline (GSK) sued Pfizer Wednesday in Delaware District Court in relation to GSK's respiratory syncytial virus (RSV) vaccine, known as Arexvy.…
1 minute read
August 08, 2023 | Delaware Business Court Insider

Apellis Pharmaceuticals Facing Securities Suit Alleging Company Failed to Disclose Vision Drug Caused Inflammation

Apellis Pharmaceuticals and its top officers were slapped with a securities class action on Wednesday in Delaware District Court. The suit, filed by…
1 minute read
August 08, 2023 | Delaware Business Court Insider

LifeScience Plus Alleges Competitor's Hemostatic Foams Infringe on Its 'BleedStop' Product

LifeScience Plus filed a trademark infringement lawsuit against CoAg Medical on Friday in Delaware District Court. The suit, brought by Potter Anderson…
1 minute read

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