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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

The Recorder

In-House Impact: Seth Weissman, SolarCity

When Seth Weissman arrived at SolarCity in 2008, he was employee number 250 and the company's first full-time lawyer. By the time he left his post…
10 minute read

The Recorder

Corporate Departments of the Year, Corporate Governance: Latham & Watkins

Steve Stokdyk, the former global co-chairman of Latham & Watkin's public company representation practice, discusses why companies and their boards turn to the firm in testy situations.
3 minute read

New York Law Journal

What Happens When an Activist Goes on the Board?

In his Corporate Securities column, John C. Coffee Jr. writes: The pattern of the vast majority of activist challenges being settled through private negotiations makes the settlement process academically interesting. What gets negotiated? And with what outcomes?
12 minute read

Delaware Business Court Insider

Delaware Courts Uphold Strict Limitations on Liability For Oversight Claims

It is an all-too familiar accusation to many directors: If only you had done something more, the corporation could have avoided an injury or loss. Since the mid-1990s, Delaware courts have repeatedly recognized that attempting to pin personal liability on directors for their alleged inaction is “possibly the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment,” as in In re Caremark International Derivative Litigation, 698 A.2d 959, 967 (Del. Ch. 1996).
20 minute read

Delaware Business Court Insider

Suit Blames Booz Allen Directors for Federal Probe of Accounting Practices

A Booz Allen Hamilton shareholder on Monday filed derivative litigation against members of the government contractor's board, after the company announced in June that the U.S. Department of Justice had begun probing its accounting and cost-charging practices.
3 minute read

Delaware Business Court Insider

Be Careful What You Ask For in a Section 225 Case

Delaware recognizes the need to promptly resolve disputes over the composition of the board of directors of a Delaware corporation.
5 minute read

Corporate Counsel

Sex in the Office, Dual Stock Structure Make for a Corporate Governance 'Disaster'

The CEO of Liberty Tax Service has landed his company in quite the corporate governance quandary.
5 minute read

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