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Corporate Counsel

How Regulation A Updates Could Benefit Smaller Reporting Companies

On May 24, the Economic Growth, Regulatory Relief, and Consumer Protection Act (act) was signed into law.
6 minute read

Corporate Counsel

Michigan State University's Fight to Restore Its Honor

A look into how the university's legal department has handled the Larry Nassar nightmare
1 minute read

The Legal Intelligencer

Gathering Agreements Are Executory Contracts That May be Rejected in Bankruptcy

On May 25, the Second Circuit upheld the New York district court's decision concluding that certain midstream gathering agreements were executory contracts, subject to rejection in a bankruptcy proceeding.
1 minute read

Delaware Business Court Insider

Court of Chancery Awards Damages for Breach of a Director's Duty of Loyalty

When friends go into business, their ties may fray if the business experiences difficulty and the parties have different views of how to proceed and who is responsible.
1 minute read

New York Law Journal

Court Affirms Effectiveness of Shareholder Consent Requirement for Bankruptcy Filing

In her Distress Mergers and Acquisitions column, Corinne Ball discusses the case "Franchise Services of North America" and writes: The importance of this case rests upon the threshold determination that relief from provisions in the certificate of incorporation granting rights to bona fide investors must be sought in the relevant state court, even when the remedy sought is the exercise of a federal right, generally exercised by fiduciaries that are required to act in the corporation's best interests.
1 minute read

Delaware Business Court Insider

Creditors Committee Dissolves Upon Conversion of Chapter 11 Cases

In Official Committee of Unsecured Creditors v. Constellation Enterprises (In re Constellation Enterprises), Judge Andrews held that a creditors' committee automatically dissolved when a Chapter 11 case was converted to a Chapter 7 case and as a result it lacked the capacity or authority to pursue appeals that had been filed from orders of the bankruptcy court, including the order converting the case.
1 minute read

Delaware Business Court Insider

Glasscock Greenlights Investor Suit Over Side Deal in Telecom Co.'s $3B Sale to Verizon

A Delaware Court of Chancery judge on Monday allowed former investors in Straight Path Communications Inc. to proceed with claims that its controlling stockholder used his power to avoid more than $500 million in liability stemming from the telecommunication company's $3.1 billion sale to Verizon.
1 minute read

Daily Business Review

Argentina Modernizes and Simplifies Its IP Registration and Cancellation System    

For companies in the United States who have done business in Argentina, the bureaucracy has always been a significant hurdle. Processes simply take longer or require more complex submissions than in the United States.
1 minute read

Corporate Counsel

Intel CEO's Departure Shows Importance of Office Dating Policies, Especially if You're the Boss

Brian Krzanich of Intel resigned from the company over revelations he had dated an Intel employee. His departure says a lot about the considerations companies face these days in dealing with workplace relationships.
2 minute read

New York Law Journal

Giving Co-op and Condo Boards the Right to Grandfather Existing Privileges

Co-op and condo boards are often obstructed from making policy changes to address shifting trends and needs within their building by longstanding residents who benefit from the existing rules and have come to rely upon them. One popular solution has been to “grandfather” existing accommodations for these residents, but this solution is not without its own problems. The authors suggest a solution to the dilemma.
2 minute read

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