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Delaware Business Court Insider

Corporate Directors and Designating Stockholders Are Default Joint Clients of the Company When It Comes to Discovery of Privileged Info

Corporate boards and investors alike will benefit from an understanding of the principles articulated in this ruling, as well as from careful consideration of the steps that can be taken to alter the joint client rule or to guard against a privilege waiver resulting from the production and use of privileged information in litigation.
6 minute read

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

Texas Lawyer

Six Flags Entertainment Stockholder Class Wants Florida Pension Fund as Named Plaintiff

The Six Flags defense was only raised once Oklahoma Firefighters sought to moot a potential class certification argument by amending the complaint. attorney Lewis T. LeClair said.
5 minute read

Legaltech News

LexisNexis and Microsoft Announce Lexis Connect, an AI-Powered Matter Intake Application

Lexis Connect is built specifically for corporate legal teams, and built on Microsoft Teams. It includes two generative AI powered chatbots: Ask Legal, and a legal research assistant chatbot tied directly to Lexis Connect.
3 minute read

Daily Business Review

Why Fla. Lawyers Should be Mindful of Chancery Court's Decision in 'McDonald's'

All lawyers should be mindful of this recent shift, especially those whose practice involves advising on corporate conduct and misconduct, including those admitted to practice in Florida—given the significant number of Florida companies registered in Delaware and Florida's legal history of following Delaware precedent.
7 minute read

The Legal Intelligencer

The Importance of Companies Establishing Strong Internal Controls

Internal controls are the rules, mechanisms, and procedures a company implements to ensure the integrity of its financial and accounting information, promote accountability, and prevent and detect fraud. Internal controls can help companies operate more efficiently, improve the accuracy and timeliness of financial reporting and assist companies in complying with laws and regulations.
7 minute read

Delaware Business Court Insider

Del. Bankruptcy Court Provides Important Guidance on Pleading Standard Applicable to Recent Addition to Section 547(b) of the Bankruptcy Code

The Delaware bankruptcy court ruled that a plaintiff need not explicitly plead its "due diligence" in investigating its preference cause of action. Rather, a general allegation under Federal Rule of Civil Procedure 9(c) that "all conditions precedent have occurred" suffices.
6 minute read

The Legal Intelligencer

Kleinbard Brings on New Executive Director, Four New Attorneys

The additions qualify as "pretty dramatic growth" for the 35-lawyer firm, according to managing partner Michael Frattone.
5 minute read

Daily Business Review

How the 'Clients First, Friends Second' Formula Is Critical for Long-Term Business Success

Attracting and retaining the right clients—people who appreciate and value your work as much as you value their trust and confidence in your team—is key for long-term business success and personal satisfaction.
5 minute read

Delaware Business Court Insider

Chancery Court Clarifies What Is Required to Defeat a Motion to Dismiss a Dissolution Petition

In In re Dissolution of T&S Hardwoods KD, Vice Chancellor Morgan T. Zurn provided helpful guidance on what must be alleged to satisfy that test for purposes of overcoming a motion to dismiss.
7 minute read

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