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New York Law Journal

Goldman Investors Demand Probe Into Involvement in $4.5B Bribery, Money-Laundering Scandal

According to the letter, Goldman made more than $580 million for advising the company at the heart of the scandal over the course of 12 months, a rate that was 200 times the typical fee for such transactions. Now the company expects to spend $1.9 billion more than it had initially reserved to defend legal matters related to the scandal, according to the 27-page correspondence.
4 minute read

New Jersey Law Journal

Bed Bath & Beyond CEO Steps Down Amid Lawsuit, Pressure From Activist Investor

The New Jersey-based company announced that CEO Steven H. Temares had stepped down, days after an activist hedge fund sued the retailer.
4 minute read

International Edition

Travers Smith Makes Up Four in Slimmed Partner Promotion Round

The firm has slashed its promotion round from eight last year.
2 minute read

New York Law Journal

Bed Bath & Beyond CEO Steps Down Amid Lawsuit, Pressure From Activist Investor

The company announced that Steven H. Temares had stepped down after serving for more than 15 years as CEO.
4 minute read

Delaware Business Court Insider

LeGrow Tosses Breach-of-Contract Suit Against Private Equity Company, Ruling It Didn't Exert Control of Business

Judge Abigail M. LeGrow on Thursday ruled that the claims by plaintiff P&TI Acquisition Co. failed because the firm had failed to show that managers associated with a Morgenthaler-related firm controlled the entities by virtue of either their voting or decision-making power.
3 minute read

Corporate Counsel

Report: UK Corporate Legal Leaders Would Like a Spot on the Board

Almost 40% of general counsels in Britain want to have a permanent place on their company's board of directors in the next five years, according to a report published by British law firm Shoosmiths.
3 minute read

Corporate Counsel

Wells Fargo General Counsel-Turned-CEO Creates New Regulatory and Compliance Group

Acting CEO and former general counsel Allen Parker has named Derek Flowers, a 21-year bank veteran who is currently Wells Fargo's chief credit and market risk officer, to head the new working group aimed at taking on the scandal-plagued bank's regulatory and compliance challenges.
4 minute read

Corporate Counsel

Fluor Corp. Chief Legal Officer Becomes Interim CEO

The CLO of the engineering firm was named the company's interim CEO last week, which is a sign, experts say, that he earned the trust of his board during his tenure as the company's top lawyer.
4 minute read

Corporate Counsel

How Are Your Corporate Culture Management Efforts Going? 

Three key questions for existing or rising GCs/CLOs, who also serve as chief culture officers.
5 minute read

Delaware Business Court Insider

Superior Court Holds Chancery Jurisdiction Does Not Extend to All Contracts Involving LLCs

Until recently, there were no cases definitively addressing the scope of Section 18-111's fifth jurisdictional category.
7 minute read

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