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Delaware Business Court Insider

Contractual Duties to Conduct a Business in Accordance With 'Sound Business Practices'

The Delaware Court of Chancery's decision in Wenske v. Blue Bell Creameries, C.A. No. 2017-0699-JRS (July 6, 2018) (Slights, V.C.), highlights an interesting practical challenge faced by parties seeking to impose oversight obligations on a manager charged with operating a business in accordance with sound industry business practices.
1 minute read

Delaware Business Court Insider

Attorneys Defend $129M Fee Request in Suit Over Facebook Stock Plan

Three law firms are pressing their case for $129 million in attorney fees in a shareholder suit over Facebook Inc.'s since-abandoned plan to reform its stock structure in a way that would have given founder Mark Zuckerberg more control over the company.
4 minute read

Delaware Business Court Insider

Twitter Derivative Suit in Del. Stayed in Favor of Calif. Securities Action

A magistrate judge in Delaware on Monday put a derivative suit against Twitter Inc.'s board of directors on pause while the San Francisco-based social media giant defends a similar securities suit in a California federal court.
1 minute read

The Legal Intelligencer

Grand Jury Reports, the Right to Due Process and a Corporation's Reputation

Abraham Lincoln once said, “Character is like a tree and reputation like a shadow. The shadow is what we think of it; the tree is the real thing.” Unfortunately, in a world where opinion often replaces fact, and one negative article or blog post can live on the internet forever, a person's reputation is not always a product of one's true character, particularly online.
1 minute read

Delaware Business Court Insider

Del. Judge Dismisses Challenge to $325M Energy Industry Merger

The Delaware Court of Chancery has dismissed a shareholder challenge to Earthstone Energy Inc.'s $325 million acquisition of a Texas oil and gas firm in 2016, finding that the deal met business-judgment protections for a conflicted transaction.
1 minute read

The Legal Intelligencer

The Internet of Things: Are Government Regulation Efforts Too Little, Too Late?

The Internet of Things consists of physical items that collect information through sensors or chips and then share that information with other devices through the Internet or other networks.
1 minute read

The Legal Intelligencer

Managing Law Firm Cybersecurity Risk: Tips to Stay Secure

Who's minding the store—of information? In a law firm, decisions must be made constantly or nothing would get done. You've made countless decisions on what type of law to practice, your location and who to hire.
1 minute read

The Recorder

Papa John's Founder Hires High-Profile Litigator for Cheesy Boardroom Battle

Los Angeles trial lawyer Patricia Glaser has been hired by John Schnatter as he fights against his removal from the pizza chain's board of directors due to his use of a racial slur during a media training session.
2 minute read

Delaware Business Court Insider

Del. Derivative Suit Targets Twitter Board, Alleging Active User Count Was Bloated

A Twitter Inc. shareholder has accused the company's top directors in the Delaware Court of Chancery of padding the company's performance data, in the latest lawsuit to target the San Francisco-based social media giant's user engagement disclosures in 2015.
1 minute read

The Legal Intelligencer

Cybersecurity for Midsize and Smaller Law Firms: 10 Tips to Take Action Now

It is no secret that cyberattackers consider law firms to be rich sources of valuable data. Escalating risks and client expectations mandate that mid-size and smaller firms, with fewer than 200 attorneys, treat cybersecurity as a core element of their legal practice.
11 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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