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Law.com

$160M Settlement OK'd in Walmart Bribery Suit

The securities class action stemmed from an alleged bribery scheme involving Walmart's Mexican subsidiary.
3 minute read

Delaware Business Court Insider

$160M Settlement Approved by Arkansas Federal Judge in Walmart Bribery Suit

A federal judge in Arkansas on Tuesday gave her final approval to a $160 million settlement in a securities class action stemming from the alleged bribery scheme involving Walmart's Mexican subsidiary.
3 minute read

Corporate Counsel

Two Michigan State In-House Counsel Testify in Criminal Hearing of Former President

Two in-house lawyers at Michigan State University, Paulette Granberry Russell and Kristine Moore, testified Monday about their key roles in investigating sports doctor Larry Nassar and what they told former school president Lou Anna Simon, who is criminally charged with lying to investigators about what she knew in 2014.
4 minute read

Delaware Business Court Insider

Del. Supreme Court Cites Timing of Deal Talks in Reviving Case Over Oil and Gas Merger

The ruling, published Friday by a three-judge panel of the state high court, applied the justices' 2014 precedent in the case Kahn v. M&F Worldwide to deny business-judgment deference to the Earthstone board and reversed, in part, the Chancery Court's dismissal of the case in its entirety last July.
4 minute read

Litigation Daily

In Reviving Suit Over Oil and Gas Merger, Delaware Supreme Court Cites Timing of Deal Talks

The ruling, published Friday by a three-judge panel of the state high court, applied the justices' 2014 precedent in the case Kahn v. M&F Worldwide to deny business-judgment deference to the Earthstone board and reversed, in part, the Chancery Court's dismissal of the case in its entirety last July.
4 minute read

Daily Business Review

Sellers Beware—Conventional Consignments Are a Thing of the Past

The March 11 opinion by the U.S. Court of Appeals for the Ninth Circuit in IPC (USA). v Kathryn A. Ellis, is a stark reminder to all businesses that sell goods on consignment that the combination of the Bankruptcy Code and the Uniform Commercial Code has virtually eliminated conventional and traditional consignments.
5 minute read

Delaware Business Court Insider

Investor Challenge Attacks $22B First Data Acquisition as Unfair, Conflicted

According to the complaint, the all-stock deal was riddled with conflicts and designed to protect KKR & Co. Inc., First Data's controlling shareholder, which took the company private in 2007 in one of the largest leveraged buyouts ever.
3 minute read

The Recorder

Hueston Hennigan Alleges 'Catch and Kill' Pharma Scheme

John Hueston and Steven Feldman claim in a superior court suit that billionaire Patrick Soon-Shiong bought the rights to a promising cancer treatment only to squelch it — and then backed out of the deal.
3 minute read

Corporate Counsel

The Weed GC: Culture Fit Matters

I just took my search firm's first order within the cannabis industry, a general counsel role for a leading grower of legal marijuana. Interest in the role is high (OK, the puns are easy!), but I've already rejected one of my favorite candidates.
3 minute read

New York Law Journal

New York's Cyber Regulation Two Years Later: We've Only Just Begun

The conclusion of the “transitional period” for New York's cybersecurity regulation marks the beginning, rather than the end, of an organization's compliance efforts.
8 minute read

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