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Law.com

Reversing Directed Defense Verdict, State Appeals Court Lays Out Factors for Piercing the Corporate Veil

Reversing a directed verdict for the defendants, a state appeals court found that it should be up to a jury to decide whether piercing the corporate veil is appropriate where a corporation is alleged to have diverted funds owed to creditors.
5 minute read

Daily Report Online

How Alston & Bird Helped Secure a $5M Judgment in a 20-Year, 2,000-Exhibit Case

"Our team remained focused on telling the larger story," Alston & Bird partner Amanda Waide said, weighing into the strategy behind a contract dispute case that lasted two decades.
4 minute read

The Legal Intelligencer

Breaking Down the Updates to Pennsylvania's Associations Code

Through this legislation, the "Associations Code"—Title 15 of the Pennsylvania Consolidated Statues—was updated to account for certain changes in connection therewith. The most notable is the annual reporting requirements for certain entities, which we will break down here, along with other major changes.
4 minute read

Delaware Business Court Insider

Court Issues Reminder of Potentially Harsh Consequences for Failure to Preserve Evidence in Anticipation of Litigation

Chancellor Kathaleen St. Jude McCormick, sitting by designation on the Delaware Superior Court, recently issued an opinion that should serve as a reminder of the harsh consequences that a party may suffer if it fails to properly preserve evidence in the lead-up to litigation.
9 minute read

Delaware Business Court Insider

Lawsuit Alleging Mismanagement and Fiduciary Breaches Seeks to Access Weber's Corporate Records

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

Delaware Business Court Insider

Delaware Choice-of-Law Clauses for Covenants Not to Compete—Does Delaware Have an Interest?

The Delaware's Court of Chancery recently issued its memorandum opinion in Hightower Holding v. Gibson, addressing the applicability of a Delaware choice-of-law clause in certain agreements that contained restrictive covenants, including a covenant not to compete.
6 minute read

Delaware Business Court Insider

'In re Lordstown Motors': Providing Relief From 'Untold Chaos'

In Lordstown, the court makes clear that Section 205 of the Delaware General Corporation Law (the DGCL) is available as an equitable, efficient, and effective judicial path to validate certificates of incorporation and shares issued in reliance thereon that, following the Boxed opinion, were the subject of some uncertainty.
8 minute read

Law.com

Dueling Letters From Attorneys General to CVS, Walgreens Delineate Sides in Reproductive Healthcare Fight

"We reject the Biden administration's bizarre interpretation, and we expect courts will as well," read the anti-abortion states letter authored by Missouri Attorney General Andrew Bailey. "Courts do not lightly ignore the plain text of statutes. And the Supreme Court has been openly aversive to other attempts by the Biden administration to press antitextual arguments."
4 minute read

Legaltech News

Wolters Kluwer Aligns ELM Solutions Business With LR Division in Company Reorganization

The company's Enterprise Legal Management (ELM) Solutions business and Legal & Regulatory (LR) division will now co-exist, while Wolters Kluwer also creates a new division, Corporate Performance & ESG (CP & ESG).
2 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

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