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Delaware Business Court Insider

Investors Sue to Block Sonic's Proposed $2.3B Deal to Take Company Private

A shareholder of Sonic Corp. has sued in Delaware federal court to halt the drive-in fast food company's $2.3 billion bid to take the company private, alleging that the board withheld key financial data about the deal.
3 minute read

The Legal Intelligencer

Less Is More for SEC Disclosure Effectiveness Changes

On Oct. 4, the Securities and Exchange Commission (the SEC) published final rules adopting amendments to certain disclosure requirements that have become redundant, overlapping or outdated in light of other SEC disclosure requirements.
8 minute read

Delaware Business Court Insider

Del. Judge Names Lead Plaintiff in Class Action Stemming From $2B Advance Auto Parts Deal

A Mississippi retirement system on Friday won a three-way fight to serve as lead plaintiff in a securities class action against Advance Auto Parts Inc. stemming from its $2 billion purchase of General Parts in 2011.
4 minute read

The Legal Intelligencer

Sixth Circuit Clarifies Appealability of Bankruptcy Court Orders

Understanding bankruptcy court jurisdiction can be daunting even for the most seasoned practitioner. The appellate process alone generally requires bankruptcy court decisions to first be reviewed by a district court and only then by a court of appeals.
6 minute read

Delaware Business Court Insider

Schnatter Continues Push for Papa John's Records After Trial

Papa John's founder said the company sought to embarrass him and failed to show he was not entitled to corporate documents related to his ouster.
4 minute read

Delaware Business Court Insider

Delaware Seen as Unlikely to Follow California's Lead on Corporate Board Gender-Balance Law

Delaware, home to most of the nation's publicly traded corporations, has a long tradition of allowing the "private ordering" of corporate affairs, leaving governance largely to shareholders. Gender diversity on the boards shareholders elect is not viewed differently, even in the era of the #MeToo movement.
4 minute read

Delaware Business Court Insider

Chancery Makes 'Material Adverse Effect' Finding Allowing Buyer to Terminate Merger

In a landmark decision, a Delaware court has, for what is widely believed to be the first time ever, found that a material adverse effect actually occurred in an acquisition transaction, giving the buyer a right to terminate the pending transaction.
6 minute read

Corporate Counsel

Five Employment Issues Boards Should Be Thinking About

Several developments in the employment law sphere need to be considered by corporate boards before the year ends.
7 minute read

Corporate Counsel

Checklist for Assessing Company Issues: Six Points of Collaboration Between Business Team and In-House Counsel

Clear business procedures reflect more than a common sense need for order over company activities and affairs. In reality, deciphering business versus legal process is not intuitive.
12 minute read

International Edition

Line-up of US firms advise on largest-ever software deal as IBM makes $34bn acquisition

IBM's acquisition of open-source software company Red Hat is set to be the largest software acquisition ever made
2 minute read

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