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Examining how lawyers, both in-house and outside, interact with boards of directors in times of challenge and crisis and trends in corporate law and board operations that affect companies.
By Chris O'Malley | February 21, 2024
The Planet Fitness board in September removed Chris Rondeau as CEO but said he would remain on the board. Rondeau now has resigned as director and sent the board a parting message lamenting the direction of the company.
5 minute read
Delaware Business Court Insider
By Molly DiBianca | February 21, 2024
In Cantor Fitzgerald v. Ainslie, the Delaware Supreme Court upheld the validity of a post-employment restriction in a limited partnership agreement. The decision overturned the ruling of the Delaware Court of Chancery invalidating a forfeiture-for-competition provision, which permitted the partnership to withhold distributions to partners who voluntarily withdrew from and then competed with the partnership.
3 minute read
Delaware Business Court Insider
By Ellen Bardash | February 20, 2024
Vice Chancellor J. Travis Laster said the doctrine of entire fairness applies and TripAdvisor shareholders have adequately pleaded a claim that a conversion would affect the value of their investments.
3 minute read
By Craig R. Tractenberg | February 20, 2024
A nondisclosure agreement (NDA) can protect against misappropriation and misuse of information.
5 minute read
By Ashleigh Taylor | February 14, 2024
The most salient element of the CTA for legal practitioners is the definition of the "company applicant" and the required disclosure that this individual is mandated to provide. Understanding and interpreting this definition thrusts law firms into a complex decision-making process, raising fundamental questions about their internal processes, the kind of personal information they are prepared to submit, and, most importantly, how they interact with their clients.
7 minute read
Delaware Business Court Insider
By Nathaniel J. Stuhlmiller | February 14, 2024
In Grabski v. Andreessen, the Delaware Court of Chancery declined to dismiss fiduciary claims against officers and directors of Coinbase Global, Inc. who sold shares in a going-public transaction.
6 minute read
By Greg Andrews | February 12, 2024
A company spokesperson said Craig Morford is still the legal chief and hasn't retired, even though on Saturday he turned 65, the age that forced his two immediate predecessors into retirement.
2 minute read
By Steve Williams | February 12, 2024
Spin-offs are an attractive option for a public company looking to rationalize its portfolio and unlock shareholder value. At the same time, they are monster transactions that play out over a long timeline, all under strict tax rules that impact every step of the process. This article addresses what every GC should know when their Board starts talking about a spin-off.
6 minute read
By Michael W. Peregrine | February 9, 2024
Major board take-aways from this year's Survey include (i) indications of a decline in the CLO's leadership - level role and influence, and (ii) increasing pressures on legal departments "to do more with less." Both are particularly relevant to the board's oversight responsibility – and of concern to the CLO.
6 minute read
By Greg Andrews | February 9, 2024
Boards of directors will need to take a closer look at which directors are truly independent and ensure they negotiate pay packages, not just acquiesce.
4 minute read
Presented by BigVoodoo
GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The University of New Mexico (UNM) (https://www.unm.edu/) is seeking nominations, inquiries, and applications for the position of General Co...
Maslon LLP is seeking attorney candidates with 4-6 years of experience to join its Insurance Coverage Team. Maslon s Insurance Recovery Grou...
New York-based indie music company seeks full-time litigation attorney. Must have 2 years music business experience. Must be admitted to S...