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Legaltech News

Most Legal Departments Unprepared to Support Digitization, Says Gartner Report

The vast majority of legal departments are not prepared to support their company's digitization process, according to a report released on Wednesday by Gartner.
3 minute read

Corporate Counsel

Most Legal Departments Unprepared to Support Digitization: Report

The vast majority of legal departments are not prepared to support their company's digitization process, according to a report released on Wednesday by Gartner.
3 minute read

New York Law Journal

Mootness Fees in Disclosure-Focused Deal Litigation

In their Corporate Litigation column, Joseph M. McLaughlin and Shannon K. McGovern write: “Mootness fees” to plaintiffs' counsel after a voluntary dismissal have become a standard feature of deal litigation resolved before a stockholder motion to enjoin a transaction based on alleged proxy disclosure deficiencies is decided. The authors explain the important differences between disclosure-only settlements and mootness fees when resolving such litigation and discuss a recent relevant decision currently on appeal to the Seventh Circuit.
9 minute read

Delaware Business Court Insider

Del. Courts Must Grapple With Efforts to Impose Fiduciary Duties on Investors Exercising Contractual Rights

The Chancery Court will continue to face novel theories of controlling stockholder liability based on contract rights, and Delaware's ability to impose clear limits on when an investor's contract rights render it a fiduciary to the company will have significant consequences for corporate finance and strategic investments under Delaware law going forward.
7 minute read

Delaware Business Court Insider

Chancery Finds Inadequate Disclosure in Connection With a Tender Offer Prevents Dismissal of a Class Action Complaint

Once a transaction closes, if a stockholder cannot allege that a majority stockholder vote approving a transaction was uninformed or coerced, then the court will dismiss a complaint attacking the fairness of the transaction under the business judgment standard of review.
5 minute read

Corporate Counsel

Nassar Report Details Failings of Former GC/CEO of US Olympic Committee

Scott Blackmun, former general counsel of the U.S. Olympic Committee and CEO during the Larry Nassar sex-abuse scandal, is cited for failure to take appropriate actions.
6 minute read

Delaware Business Court Insider

Del. Chancery Court Tosses $300M Biotech Lawsuit as Untimely

Vice Chancellor Tamika Montgomery-Reeves said Monday that Newark-based biotech firm iBio Inc. had filed its suit against Fraunhofer-Gesellschaft zur Förderung der Angewandten Forschung outside of the three-year statute of limitations.
4 minute read

International Edition

Biotech Trade Secret Suit Against European Research Organization Dismissed

Vice Chancellor Tamika Montgomery-Reeves said Monday that Newark-based biotech firm iBio Inc. had filed its suit against Fraunhofer-Gesellschaft zur Förderung der Angewandten Forschung outside of the three-year statute of limitations.
4 minute read

Corporate Counsel

A Practical Guide to CCPA Readiness: Implementing Calif.'s New Privacy Law (Part 1)

CCPA is an unfamiliar type of law for the United States due, in large part, to its broad scope. It establishes a new privacy framework for businesses that fall within its jurisdiction.
7 minute read

Delaware Business Court Insider

CBS Investors Scheduled to Meet as Moonves Report Looms

The board of CBS Corp. is expected to receive a report detailing former CEO Les Moonves' attempts to destroy evidence and mislead attorneys investigating allegations that he had sexually harassed and abused women for decades, according to The New York Times.
2 minute read

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