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Corporate Counsel

New GC Named at Abercrombie & Fitch at 'Pivotal Time' for the Retailer

The new legal leader will replace Bob Bostrom, who has headed up the law department at Abercrombie for the last four years.
3 minute read

Delaware Business Court Insider

Lawsuit Targets Zuckerberg, Facebook Board Over Stock Plan

Facebook Inc. investors have launched another Delaware Court of Chancery lawsuit over the company's since abandoned plan to restructure in a way that would have given founder and CEO Mark Zuckerberg more control over the company.
4 minute read

Delaware Business Court Insider

Are Post-Merger Facts Ever Relevant?

Appraisal litigation is unique under Delaware law. In almost every instance you can think of, once an event provides a right to recover damages (such as a fire caused by negligence), what happens later is relevant to determining the amount of damages.
6 minute read

Delaware Business Court Insider

Tesla Board Fires Back at Derivative Challenge to Elon Musk's Pay Package

The Tesla Inc. board defended what its lawyers termed Elon Musk's "unusual and audacious" pay package in a motion last week to dismiss a derivative challenge to a compensation scheme that could make the electric car manufacturer's CEO one of the most highly compensated public-company executives in the world.
4 minute read

Delaware Business Court Insider

CBS Settles Dispute With Shari Redstone, as CEO Resigns Amid Sexual Misconduct Allegations

CBS Corp. has settled its Delaware Court of Chancery lawsuit against controlling stockholder National Amusements Inc., saying Monday that the company would put aside $120 million to pay former CEO Leslie Moonves, pending the outcome of an investigation into allegations that he had sexually harassed women during his time at the network.
6 minute read

Delaware Business Court Insider

Papa John's Founder Attacks CEO in New Lawsuit

According to a new lawsuit, Papa John's CEO launched a "false and defamatory campaign" accusing a chairman of racism to save his own job.
4 minute read

The Legal Intelligencer

GC Mid-Atlantic Events

Anderson Kill, Hangley Aronchick Segal Pudlin & Schiller, McCarter & English and Morgan, Lewis & Bockius will sponsor a Litigation CLE Institute on Sept. 13 from 7:30 a.m. to 12:30 p.m., The Union League of Philadelphia, 140 South Broad St., Philadelphia.
4 minute read

The Legal Intelligencer

Could New 'Smaller Reporting Company' Rules Affect GC Compensation?

In June of this year, the Securities and Exchange Commission (SEC) voted to approve rule amendments (referred to in this article as the amendments) that specifically expand the definition of the so-called “smaller reporting company.”
6 minute read

The Recorder

Short Seller Sues Tesla, Elon Musk Over Take-Private Tweets

The complaint alleges that Musk knew at the time there was no financial backing for the proposed buyout and that the fallout led to significant losses for investors who bought Tesla stock between Aug. 7 and Aug. 17.
4 minute read

Delaware Business Court Insider

Oxbow Sued for Records of Koch's Payments to Mintz Levin

Minority investors in Oxbow Carbon, fresh off a major Delaware Court of Chancery victory, are now investigating up to $50 million in payments Oxbow made to founder and CEO William Koch's attorneys at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.
3 minute read

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