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Law.com

Inside Track: Judge's Musk Pay Ruling Will Put In-House Legal Teams to Work

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

New York Law Journal

Apple Secures Dismissal of Claims It Overpaid Executives

Latham & Watkins lawyers secured the dismissal of claims brought by an institutional shareholder.
2 minute read

International Edition

'There Is Concern': A&O Shearman Insiders on Initial Hurdles Facing Firm

Questions are being asked internally about how the impending tie-up will work in the US, the timing of merger architect Wim Dejonghe's departure, and the integration of certain offices.
8 minute read

Corporate Counsel

Investors Want Companies to Prioritize Climate Change Over AI

"Boards should understand that even if climate change and environmental stewardship ranks low on their list of priorities for 2024, that may not be the case for their shareholders," the EY Center for Board Matters said in a new report.
2 minute read

Delaware Business Court Insider

Icahn Stockholders Not Entitled to Privileged Info Based on Stockholders' Nomination and Employment Relationship With Company Director

In the court's recent decision, Icahn Partners v. Francis deSouza, the plaintiff Icahn stockholders sought to use privileged and confidential information shared with them by their designated director in a complaint, asserting direct and derivative fiduciary claims against other directors.
5 minute read

Corporate Counsel

Former GC and CEO of Merck Joins Harvard Governing Board, Jumping Into Fray

"Academic excellence and academic freedom lie at the heart of Harvard's essential mission of teaching, learning and scholarship," Kenneth Frazier said in a statement.
4 minute read

Corporate Counsel

Stinging Musk Defeat Throws Spotlight on Role of Tesla GC Todd Maron

Chancellor Kathaleen McCormick found Maron was "totally beholden" to the billionaire and that three of Tesla's eight board members were as well.
4 minute read

Corporate Counsel

Exxon Investors Yanking Contentious Shareholder Proposal, Averting Court Showdown

The energy giant had sued Arjuna Capital and Follow This last month, saying they were abusing the shareholder-proposal process to try to "shrink" the company.
3 minute read

Litigation Daily

Litigators of the Week: Rolling Back Elon Musk's $56B Tesla Compensation Package

A team led by Greg Varallo and Jeroen van Kwawegen of Bernstein Litowitz Berger & Grossmann and David Tejtel of Friedman Oster & Tejtel secured a post-trial ruling from Delaware Chancellor Kathaleen McCormick finding that when it came to the Tesla CEO's pay package "Musk launched a self-driving process, recalibrating the speed and direction along the way as he saw fit."
10 minute read

International Edition

Milbank Leaders Praise Non-Equity Partnership Tier Amid London Growth

In an interview with Law.com International, London co-managing partner Andrej Wolf said the firm's famously high NQ pay is "indirectly demanded" by clients.
4 minute read

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