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Daily Business Review

Florida Taxpayers and Businesses May Benefit From Opportunity Zones

Soon, individual and corporate taxpayers in Florida and elsewhere in the United States may have the choice of investing their 2018-2025 capital gains in “Qualified Opportunity Funds” rather than paying income taxes currently on such gains.
4 minute read

Delaware Business Court Insider

Delaware Proposes Updates to Its LLC Statute Regarding Series LLCs

On April 6, the Delaware Corporation Law Section of the Delaware Bar Association proposed some major and minor amendments to the Delaware Limited Liability Company Act. If introduced in and approved by the Delaware General Assembly and the governor, one of the most significant changes will involve the provisions of the act dealing with series LLCs.
11 minute read

Delaware Business Court Insider

Bankruptcy Court Enjoins Creditor From Pursuing Claims in Chancery in Chapter 11 Trust Liquidation

In JMO Wind Down, Chief Bankruptcy Judge Brendan Shannon considered a motion to enjoin a creditor from pursuing claims against various defendants that were pending in a civil action in the Delaware Court of Chancery based on the provisions of the debtor's Chapter 11 plan of liquidation.
1 minute read

Delaware Business Court Insider

Glasscock Bars Access to Privileged Emails in Suit Over $3B Pipeline Deal

The Delaware Court of Chancery on Monday denied a plaintiff access to redacted documents in a derivative dispute alleging that the general partner's conflicts committee acted in bad faith in approving a $3 billion transaction that undervalued the firm's assets by $500 million.
3 minute read

The Legal Intelligencer

Websites and the Americans With Disabilities Act—Definitely a Work in Progress

During the last few years, there has been an explosion in the number of lawsuits being filed claiming that a business' website violates the Americans with Disabilities Act (ADA).
9 minute read

Daily Business Review

Preparing for an Internal Investigation Interview

Companies large and small conduct internal corporate investigations every day. These investigations can have many causes: an employee placing a call to the company hotline warning of accounting fraud, allegations of sexual harassment, a grand jury subpoena being served on the company or a whistleblower lawsuit being filed.
5 minute read

The Legal Intelligencer

Class Actions Now Flowing From FTC and DOJ's No-Poach Enforcement

In our article last month, we discussed the Federal Trade Commission (FTC) and the Department of Justice's (DOJ) jointly issued guidance to HR professionals warning that naked employee no-poach agreements could be criminally prosecuted.
9 minute read

Delaware Business Court Insider

Del. Supreme Court Upholds $770M TransPerfect Sale to Co-Founder

The Delaware Supreme Court on Thursday upheld the $770 million sale of TransPerfect Global Inc. to co-founder Philip R. Shawe, bringing to an end more than three years of fierce litigation with his erstwhile partner Elizabeth Elting over control of the successful translation-service company.
4 minute read

Delaware Business Court Insider

Chancery Court Nullifies Cancellation of Certificate of Formation of Delaware LLCs

Parties who form Delaware limited liability companies to organize their business affairs do so to structure their relationships contractually. This enables them to organize the governance and economic rights in a manner tailored to the enterprise they are establishing.
1 minute read

Corporate Counsel

Lessons From Panasonic: To Avoid a Monitor, Just Enhancing Compliance Is Not Enough

Panasonic's $280 million FCPA case provides some important takeaways for legal departments, according to compliance experts.
5 minute read

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