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The Legal Intelligencer

The 'Company Applicant' Conundrum: CTA's Impact on Law Firms

The most salient element of the CTA for legal practitioners is the definition of the "company applicant" and the required disclosure that this individual is mandated to provide. Understanding and interpreting this definition thrusts law firms into a complex decision-making process, raising fundamental questions about their internal processes, the kind of personal information they are prepared to submit, and, most importantly, how they interact with their clients.
7 minute read

Delaware Business Court Insider

'Grabski v. Andreessen': Chancery Addresses 'Brophy' Claims Against Officers and Directors in a Direct Listing

In Grabski v. Andreessen, the Delaware Court of Chancery declined to dismiss fiduciary claims against officers and directors of Coinbase Global, Inc. who sold shares in a going-public transaction.
6 minute read

Corporate Counsel

Exxon General Counsel Sails Past Mandatory Retirement Age But Remains in Post

A company spokesperson said Craig Morford is still the legal chief and hasn't retired, even though on Saturday he turned 65, the age that forced his two immediate predecessors into retirement.
2 minute read

Corporate Counsel

What Every General Counsel Should Know Before Doing a Spin-Off

Spin-offs are an attractive option for a public company looking to rationalize its portfolio and unlock shareholder value. At the same time, they are monster transactions that play out over a long timeline, all under strict tax rules that impact every step of the process. This article addresses what every GC should know when their Board starts talking about a spin-off.
6 minute read

International Edition

Australian Senator Criticizes PwC Over Failure to Publish Tax Scandal Report

The senator says PwC is hiding behind legal privilege.
4 minute read

Corporate Counsel

New ACC CLO Survey Offers Important Board Guidance

Major board take-aways from this year's Survey include (i) indications of a decline in the CLO's leadership - level role and influence, and (ii) increasing pressures on legal departments "to do more with less." Both are particularly relevant to the board's oversight responsibility – and of concern to the CLO.
6 minute read

Law.com

Inside Track: Judge's Musk Pay Ruling Will Put In-House Legal Teams to Work

Boards of directors will need to take a closer look at which directors are truly independent and ensure they negotiate pay packages, not just acquiesce.
4 minute read

New York Law Journal

Apple Secures Dismissal of Claims It Overpaid Executives

Latham & Watkins lawyers secured the dismissal of claims brought by an institutional shareholder.
2 minute read

International Edition

'There Is Concern': A&O Shearman Insiders on Initial Hurdles Facing Firm

Questions are being asked internally about how the impending tie-up will work in the US, the timing of merger architect Wim Dejonghe's departure, and the integration of certain offices.
8 minute read

Corporate Counsel

Investors Want Companies to Prioritize Climate Change Over AI

"Boards should understand that even if climate change and environmental stewardship ranks low on their list of priorities for 2024, that may not be the case for their shareholders," the EY Center for Board Matters said in a new report.
2 minute read

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