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Delaware Business Court Insider

Meta Asks Chancery Court to Toss Claim It Failed to Protect Users' Data Privacy

Meta's Gibson Dunn lawyers said its board had the independence to investigate the matter--which stems from the Cambridge Analytica breach--so shareholders failed to show demand futility.
3 minute read

The American Lawyer

Loyal Clients Helped Gibson Dunn Continue Record Revenue, Profit Streak in 2022

The law firm posted 10% gains in gross revenue and profits per equity partner as M&A and private equity complemented strong litigation demand.
5 minute read

New York Law Journal

A Corporate President's Authority to Commence Corporate Litigation

Even where a president's authority to authorize a corporation to commence litigation is lacking, however, a corporate president who is also a stockholder of the corporation may be able to seek relief for the corporation through a shareholder derivative action, contributors Thomas J. Hall and Judith A. Archer write.
10 minute read

The American Lawyer

The Am Law 200 Backed Away From Litigation Funding in 2022

New capital commitments for commercial cases grew by 16%, but the share of this capital deployed on cases handled by the 200 largest firms dropped from 41% to 28%.
5 minute read

Delaware Business Court Insider

SPACs Rush Court of Chancery Asking to Confirm Stock Increase Validity

Vice Chancellor Lori Will has cleared her calendar for Feb. 20 to hear argument on a segment of the petitions that cite Vice Chancellor Morgan Zurn's decision in 'Garfield v. Boxed Inc.'
3 minute read

National Law Journal

'If You Don't Ask, You Don't Get': Pomerantz's Emma Gilmore on Leading Complex Securities Litigation and Being Bold

"More and more clients want to see women at the helm, I think it's very important for the law firms to promote women," Emma Gilmore told NLJ, adding "these are the days of women empowerment."
7 minute read

Delaware Business Court Insider

EV Battery Maker Sues Over De-SPAC Transaction

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

The American Lawyer

Controversial 'Texas Two-Step' Netted Jones Day $107 Million Before 3rd Circuit Rebuke

Jones Day partner Gregory Gordon employed the tactic in four large Chapter 11s prior to a late January ruling against Johnson & Johnson affiliate LTL Management.
3 minute read

Delaware Business Court Insider

Glasscock Takes Medical Leave Following Home Accident, Surgery

The Delaware courts announced Glasscock is recovering at home and "in good spirits," but exactly when he will return to the court is dependent on his recovery time.
2 minute read

New Jersey Law Journal

Appellate Division Ruling Fundamentally 'Alters the Landscape' of Arbitration Law, Former NJ Justice Says

"It is probably one of the most significant decisions on arbitrations released by that court in many years," said former state Supreme Court Justice Peter G. Verniero of Wednesday's ruling. "Practitioners will need to review the decision carefully to anticipate its impact in this area of law."
5 minute read

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