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Regulatory: Conflict management for inside counsel
Failure to properly address conflicts can lead to unhappy outcomes including bar discipline, disqualification, claims for malpractice and breach of fiduciary duty, loss of privilege and confidentiality, fee disgorgement, and generally unhappy clients.Chancery Court Provides Guidance on 'Don't Ask, Don't Waive' Standstill Provisions
In two recent rulings, the Delaware Court of Chancery has provided important guidance on how so-called "don't ask, don't waive" standstill provisions - which can be utilized to encourage bidders to provide their best-offer bids during an auction - will be viewed in future litigation in Delaware. While the use of such provisions is necessarily guided by the fiduciary obligation of a target company board to obtain the best price reasonably available in an auction, the Chancery Court has recognized that "don't ask, don't waive" provisions can be an appropriate and effective tool in maximizing shareholder value in a board-run auction process.
'Ultimate Ponzi' chronicles Scott Rothstein's rise and fall
A book on Scott Rothstein tells how the corrupt lawyer was ripping off clients a decade before his $1.2 billion Ponzi scheme collapsed.
Capital Sources: State's growing midsection lures South Florida bankers
Some community banks with roots in South Florida have branched into the Orlando area, especially in the last two years as they picked off more than $500 million of deposits. More may follow.
Law Journal Press | Digital Book
Pennsylvania Causes of Action, 12th Edition
Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN
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12on12: A Dozen Must-See Panels at LegalTech New York
There are plenty of compelling sessions to attend at LegalTech New York from January 29 to 31 at the Hilton New York. Several sessions are appealing not only for the talk, but also for who's talking.Chancery Court Provides Guidance on 'Don't Ask, Don't Waive' Standstill Provisions
In two recent rulings, the Delaware Court of Chancery has provided important guidance on how so-called "don't ask, don't waive" standstill provisions - which can be utilized to encourage bidders to provide their best-offer bids during an auction - will be viewed in future litigation in Delaware. While the use of such provisions is necessarily guided by the fiduciary obligation of a target company board to obtain the best price reasonably available in an auction, the Chancery Court has recognized that "don't ask, don't waive" provisions can be an appropriate and effective tool in maximizing shareholder value in a board-run auction process.
Sides are close to deal to sell One Bal Harbour amenities
Elcom Hotel & Spa, which is trying to emerge from bankruptcy protection, proposes selling the shared facilities at One Bal Harbour as its exit strategy.
New Batch of E-Discovery Providers to Exhibit at LegalTech
The exhibit halls at LegalTech in the Hilton New York from January 29 to 31 will see several e-discovery companies that are exhibiting for the first time. LTN's Reporter Evan Koblentz contacted the newcomers to elicit their stories.