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Delaware Business Court Insider

Tesla Shareholder Wins Challenge to Elon Musk's Tesla Comp Package

Chancellor Kathaleen McCormick concluded Musk was a controller of Tesla under Delaware law, putting the burden of entire fairness on his defense team from Cravath, Swain & Moore and Ross Aronstam & Moritz.
3 minute read

Daily Report Online

'Or They Could Have Fired Deloitte': Embattled CFO Appeals Case, Arguing Auditor Pressed Company Into Firing Him

"The evidence is there that she was angry about the shifting responsibilities from her to [the plaintiff] and that could be a motive to destroy his career," said plaintiff-appellant counsel Randolph Mayer.
5 minute read

Law.com

Inside Track: Surprise Exxon Mobil Suit Kicks Off Contentious Shareholder-Proposal Season

The oil giant accused two activist investors of employing a "Goldilocks Trojan Horse strategy" aimed at undermining its business.
4 minute read

Corporate Counsel

Bell Tolls on Mandatory Retirement for Exxon Mobil GC

Exxon Mobil's mandatory retirement age of 65 forced the oil giant's prior two general counsel into retirement. Will current GC Craig Morford be next when he turns 65 on Feb. 10?
7 minute read

Delaware Law Weekly

New Kaufman Dolowich Del. Office Leader Focused on Expanding D&O Liability Defense

Loren Barron is currently the only attorney there but said she plans to start growing the practice as soon as possible, ideally adding four or five additional lawyers within the next six months.
3 minute read

New York Law Journal

Corporate Governance Update: A Formative Period for AI Regulation

With the issuance in October 2023 of a wide-ranging executive order on artificial intelligence, the Biden administration took its most significant action to date toward oversight of the development and use of AI technologies. In the absence of Congressional action in this area, the order represents a step toward laying the groundwork for future federal regulatory action by a broad swath of agencies and departments.
7 minute read

The Legal Intelligencer

Pa. Unfair Trade Practices and Consumer Protection Law Investigations—Frequently Asked Questions

It is inevitable. At some point, every company in the consumer product and services industry in Pennsylvania will find itself on the other end of a consumer complaint filed with the Pennsylvania Office of Attorney General.
5 minute read

Delaware Business Court Insider

Appointment of a Provisional Director as a Remedy for Deadlock in a Closely-Held Corporation

Closely-held businesses may face issues of corporate deadlock where control of the business is evenly divided between two owners or two different factions…
7 minute read

Delaware Business Court Insider

Delaware Joins AT&T Lead Cable Conversation With New Shareholder Cases

It's the latest wave of litigation blowback against telecommunications companies that were linked to toxic underground cables and their effects.
3 minute read

The Legal Intelligencer

Protecting Privilege in Preparing Depositions

A crafty interrogator may well require the production of documents and other things subject to privilege. A defender of a deposition should know how to reduce this risk.
7 minute read

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