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Corporate Counsel

Crisis Management Response—What the Board Wants

Crisis response is now a primary focus of internal and external stakeholders alike. Corporate board directors, as one of these groups of stakeholders, are, or should be, an important part of the crisis management process.
9 minute read

New York Law Journal

Manhattan Judge Tosses Securities Fraud Suit Targeting GE Over Turbine Disclosures, Accounting Flaws

A Manhattan federal judge has dismissed an investor class action that targeted General Electric Co. for allegedly concealing a major defect with its newest line of power plant turbines and taking a "mammoth" $22 billion write-off, which sparked civil and criminal investigations of the multinational conglomerate.
5 minute read

Corporate Counsel

How to Effectively Manage Government and Internal Investigations During COVID-19

While technology makes remote investigations manageable, there are key flexibility and best-practice considerations to assist companies in preserving investigative integrity, confidentiality, and independence throughout the crisis.
8 minute read

Delaware Business Court Insider

Minority Members Allegedly Exploited Contract Rights in Breach of Fiduciary Duties to Acquire Company Assets on the Cheap

Where the interests of stockholders diverge from the contracts rights of other stockholders, directors and controlling stockholders may breach their fiduciary duty of loyalty by exploiting or opportunistically favoring their contract rights over the interests of the stockholders as a whole.
4 minute read

Delaware Business Court Insider

Cause of Action for Professional Negligence Accrues at the Time of Injury, Not When Damages Occur

The Delaware Supreme Court held that for tort claims, such as legal malpractice claims, the wrongful act occurs at the time of injury, however slight, and the statute of limitations can start to run before any actual or substantial damages occur.
7 minute read

Corporate Counsel

Tips on Crisis Management for In-House Counsel

Over the past several months, the COVID-19 pandemic unequivocally and unforgivingly reminded companies worldwide that the unexpected happens even when it is least expected. As business owners and leaders navigate the uncertain operational and economic road ahead, many companies will survive and some will not.
6 minute read

Corporate Counsel

When Overlapping Directors Sit on Boards With Opposing Governance Policies

At least one overlapping director is a former in-house counsel. James Johnson, retired general counsel of Loop Capital Markets and former assistant GC at the Boeing Co., sits on the board of Ameren Corp. and of Hanesbrands Inc.
6 minute read

Corporate Counsel

Preparing for the New Normal: How Legal Can Survive (and Thrive) Beyond COVID-19?

The current situation is real and serious. If we all focus on the things that are in our control, there is a path forward that can help the business community not only survive, but also thrive.
7 minute read

Corporate Counsel

In-House Counsel: Prosecutors Won't Overlook Remote Wrongdoing in COVID-19 Times

Two things are certain even during these challenging times: corporate and employee wrongdoing will not stop; and the Department of Justice (DOJ) and state prosecutors will be even more alert for and will continue to investigate wrongdoing.
6 minute read

Delaware Business Court Insider

Recent Developments in Rights Plans in Light of the COVID-19 Pandemic

The COVID-19 pandemic has caused significant worldwide disruptions of business operations and has negatively impacted stock prices globally. As a result, many corporations find themselves potentially vulnerable to abusive takeover tactics.
8 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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