NEXT
Sign in to follow

Delaware Business Court Insider

Del. Supreme Court Upholds Derivative Suit Dismissal Based on Board Composition

The Delaware Supreme Court on Monday upheld the dismissal of derivative litigation against the directors of a health care technology company in a case…
4 minute read

The American Lawyer

DLA Piper Joins 'Freemium' Strategy to Win Startup Clients

The global legal giant is now among a throng of law firms offering free legal documents for startups, joining a broader trend of using document automation tools to attract clients.
3 minute read

Corporate Counsel

What Is a Litigation Story? Advice for GCs Preparing Their Company's Litigation Strategy

If after two months into a new case outside counsel is unable to clearly articulate a thoughtful, unique, and convincing litigation story about the case, you should find a new attorney. Successful trial lawyers are master storytellers.
19 minute read

Delaware Business Court Insider

Court of Chancery Dismisses Derivative Action for Failure to Plead Demand Futility

A cardinal principle of Delaware law is that directors manage the business and affairs of a Delaware corporation. This includes decisions regarding whether to pursue claims against officers and directors whose breach of duty may have injured the company.
16 minute read

Delaware Business Court Insider

Bridging the GAAP: Contractual Interpretation Issues in 'Chicago Bridge & Iron'

On June 28, 2017, the Delaware Supreme Court reversed the Court of Chancery's prior ruling in Chicago Bridge & Iron v. Westinghouse Electric, 2016 WL 7048031 (Del. Ch. Dec. 5, 2016), rev'd, 2017 WL 2774563 (Del. June 28), holding that an independent auditor appointed to resolve purchase price adjustment disputes relating to a sale transaction was not empowered to decide challenges to the seller's compliance with GAAP in connection with a post-closing true up of net working capital.
7 minute read

Delaware Business Court Insider

Custodian Says Shawe to Purchase Rival's TransPerfect Stake

The custodian appointed to oversee the court-ordered sale of TransPerfect Global Inc. has told employees that Philip R. Shawe had reached an agreement to buy out the shares of rival Elizabeth Elting, an unexpected move that could resolve years of heated litigation over control of the profitable translation-services company.
13 minute read

Delaware Business Court Insider

Glasscock Stays Decision on Shareholder Suit, Awaiting Federal Regulatory Action

A Delaware vice chancellor on Monday delayed making his ruling on a shareholder suit accusing Straight Path Communications Inc. of allowing its controller to funnel "hundreds of millions" of dollars' worth of assets away from the company as a part of its planned $3.1 billion sale to Verizon.
4 minute read

Corporate Counsel

Wal-Mart FCPA Settlement Offers Big Lessons for GCs About Bribery

The bribery case that has plagued the world's largest retailer has provided some teachable moments for GCs.
19 minute read

Delaware Business Court Insider

Glasscock Orders Citigroup Directors' Communications Be Made Public

The Delaware Court of Chancery has ordered the directors of Citigroup Inc. to make public high-level communications regarding the company's internal controls in a derivative suit brought by a group of investors in the investment banking firm.
3 minute read

Corporate Counsel

How Wal-Mart Avoided a Record Fine but Still Paid Dearly

Wal-Mart's new FCPA payout might not be huge, but the massive retailer has still racked up plenty of expenses around fixing its foreign bribery problems.
3 minute read

More from ALM

More from ALM

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

Resources

  • Strong & Hanni Solves Storage Woes--Learn How You Can, Too

    Brought to you by Filevine

    Download Now

  • Meeting the Requirements of California's SB 553: Workplace Violence Prevention

    Brought to you by NAVEX Global

    Download Now

  • The Benefits of Outsourcing Beneficial Ownership Information Filing

    Brought to you by Wolters Kluwer

    Download Now

  • The Top 10 AI Use Cases in Private Equity

    Brought to you by Ontra

    Download Now