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Law.com

Judge Sides With McDonald's In Attorney-Client Privilege Dispute With Former Executives

"McDonald's has successfully asserted a privilege 'shield' to prevent disclosure of actions we believe were unlawful, but the case continues, and we look forward to trial," said the plaintiffs' attorney, Jonathan I. Loevy of Loevy & Loevy in Chicago, following attempts to gain access to outside counsel's investigation.
4 minute read

Delaware Business Court Insider

Court of Chancery Rejects 'Caremark' Liability for Imperfect Compliance With Legal Obligations

In dismissing for failure to plead demand futility, Vice Chancellor Lori W. Will explained that that allegations of independent directors' knowledge of "imperfect compliance" did not provide a reasonable inference of bad faith "intentional lawbreaking."
5 minute read

Law.com

Federal Judge Preliminarily Approves $10M Settlement Against Citgo's 'Marriage Penalty' in Pensions Benefits

A Chicago federal judge preliminarily approved a settlement providing $10 million in increased pension payments for Citgo retirees.
4 minute read

Delaware Business Court Insider

Texas Can't Touch Delaware on Corporate Bankruptcies

The gap between Delaware and the next most popular venue, the Southern District of Texas, widened in 2024.
3 minute read

Delaware Business Court Insider

Potter Anderson Partner Joins Corporate Department at Cole Schotz

Pamela Millard has more than 15 years of experience in advising clients on Delaware corporate law and governance matters.
2 minute read

Law.com

DoorDash Seeks More Information About NLJ 500 Firm's Connections With Chicago

"The question of whether retained counsel is financially interested in the outcome of the litigation may involve a wider range of materials than the retention agreement alone," U.S. District Judge Jeremy C. Daniel said. "For example, even if the agreement contains adequate safeguards, the arrangement may still violate DoorDash's due process rights if DoorDash presents evidence the city failed to exercise 'absolute and total control over all critical decision-making.'"
4 minute read

The Legal Intelligencer

2024 Proxy Season Highlights: Compensation Trends and Lessons Learned

Companies can look to these trends to determine the based way forward with respect to compensation decisions.
10 minute read

National Law Journal

'Climate-Smart Beef'?: DC Lawsuit Accuses Tyson Foods of False Advertising

"A court order stopping Tyson's harmful conduct would represent a turning point in the fight to hold the biggest, most powerful contributors to the climate crisis—across industries—accountable for greenwashing," attorneys for the plaintiff alleged.
3 minute read

Delaware Business Court Insider

Trump Media Stakeholder Awarded Part of Requested Post-Merger Ownership Boost

It's likely, a lawyer familiar with the case said, that the decision could be applied to the anti-dilution provisions in nearly all de-SPAC mergers.
3 minute read

Delaware Business Court Insider

Mindspring Lawyers Urge Del. Supreme Court to Overturn Chancery Opinion Faulting Take-Private Process

Justice Karen Valihura asked Andrew Rossman of Quinn Emanuel whether the Chancery decision included fact-finding that the high court should defere to.
3 minute read

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