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Delaware Business Court Insider

Chancery Applies Flexible Approach to 'Line of Business' Test in Corporate Opportunities

Central to this post-trial opinion is his discussion regarding the contours of the “line of business” test and the need to apply the concept flexibly and sensibly when determining whether a corporation has an interest in a line of business.
8 minute read

New York Law Journal

Prosecutors Identify 8 Colleges as Unwitting Victims of Admissions Scandal

Federal prosecutors so far have named eight universities as unwitting victims of the cheating and say it was the largest-ever college admissions fraud in the U.S. They have charged at least 50 people, including actresses, CEOs and several college coaches with conspiracy to commit racketeering or fraud.
4 minute read

Legaltech News

Do Elon Musk's Tweets Deserve Contempt Sanctions? Securities Lawyers Weigh In

Tesla CEO Elon Musk's counsel claimed the SEC has 'no basis to issue contempt sanctions against him' in a filing Monday, adding cited First Amendment concerns. But some lawyers said Musk's second round of incorrect, Tesla-focused tweets didn't meet the 'low bar' the SEC agreement set.
4 minute read

New Jersey Law Journal

Bristol-Myers' $74B Deal to Buy Celgene Prompts Investor Suit

According to the complaint, Celgene and its directors held the deal out as a premium to its stockholders, despite allegedly rejecting a previous offer from Bristol-Myers with an aggregate value of $110 per share.
4 minute read

Corporate Counsel

College Cheating Scandal Means General Counsel on Alert for Possible Civil Suits

Federal prosecutors so far have named eight universities as unwitting victims of the cheating and say it was the largest-ever college admissions fraud in the U.S. They have charged at least 50 people, including actresses, CEOs and several college coaches with conspiracy to commit racketeering or fraud.
4 minute read

Corporate Counsel

Securities Lawyers Weigh In on Elon Musk's Latest SEC Clash

Tesla CEO Elon Musk's counsel claimed the SEC has "no basis to issue contempt sanctions against him" in a filing Monday, adding cited First Amendment concerns. But some lawyers said Musk's second round of incorrect, Tesla-focused tweets didn't meet the "low bar" the SEC agreement set.
4 minute read

Litigation Daily

How Securities Lawyers View Elon Musk's Latest SEC Clash

Tesla CEO Elon Musk's counsel claimed the SEC has "no basis to issue contempt sanctions against him" in a filing Monday, adding cited First Amendment concerns. But some lawyers said Musk's second round of incorrect, Tesla-focused tweets didn't meet the "low bar" the SEC agreement set.
4 minute read

The Legal Intelligencer

Understanding Private Placement Memoranda and When to Use Them

Raising capital for a business can be a challenge. Business owners often look to debt or equity financing in order to raise capital to fund the desired venture.
7 minute read

Delaware Business Court Insider

Investor Sues Over Bristol-Myers' $74B Deal to Buy Cancer Drug Maker

According to the complaint, Celgene and its directors held the deal out as a premium to its stockholders, despite allegedly rejecting a previous offer from Bristol-Myers with an aggregate value of $110 per share.
4 minute read

Daily Business Review

FBI's New Miami International Corruption Squad Sends Clear Message to S. Fla. Businesses

The FBI's International Corruption Unit's mission is to investigate foreign corruption, including suspected violations of the Foreign Corrupt Practices Act — the U.S. law prohibiting bribery of foreign government officials.
6 minute read

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