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Corporate Counsel

FTC Bans Exec From Chevron Board—Exercising Authority It Doesn't Have, GOP Dissenters Say

The GOP minority on the Federal Trade Commission says Democrats are using a ridiculous legal theory to sideline directors, realizing firms will cave, sparing the agency from having to test the theory in court.
5 minute read

Corporate Counsel

Wynn Resorts Bidding Adieu to GC Who Cleaned Up Sexual Harassment Scandal

"Ellen Whittemore was, in the truest sense, the right person at the right time to help lead Wynn Resorts through a thicket of litigation and corporate governance changes," CEO Craig Billings said in a statement.
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

Litigation Daily

Even With New Business Courts, Texas Is a Long Way from Taking Delaware's Corporate Law Mantle

While Texas attorneys have been upfront about their hope that the state's newest courts will help raise Texas' corporate law to Delaware's level, corporate attorneys across the country are all but unanimous: Delaware remains the champ, and that's not changing, at least not any time soon.
5 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

Delaware Business Court Insider

'The No. 1 Thing' on Larry Cunningham's Mind: Special Litigation Committees

"The SLC, as they call it, is always the focal point of litigators in corporate governance, and the treatment of the SLC evolves over time," said Cunningham, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware.
6 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

New York Law Journal

Noncompete Agreements Survive the FTC and a Noncompete Provision Survives Rejection

Debtors should carefully consider the impact of these contingencies in evaluating whether noncompete clauses survive rejection. Stepping back, companies should also review how they use noncompetes and explore other methods of safeguarding confidential data, intellectual property and trade secrets.
8 minute read

New York Law Journal

Evaluating Credit of a Privately-Held Company Without Getting Financial Statements

How do you check on a company's creditworthiness when the company is privately held and does not make its financial statements publicly available? The answer is that you need to check alternative sources of information for hints as to whether the company is experiencing problems.
7 minute read

Corporate Counsel

Paradox: Gen Z Employees More Likely to Bend Rules—and to Consult Codes of Conduct

Boomers "are doing their less experienced colleagues a disservice if they can't be a good example of what values-based behavior looks like," LRN Corp. said in a report exploring how different generations approach workplace rules.
4 minute read

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