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Delaware Business Court Insider

Attorneys to Seek Shareholder Meeting to Resolve TransPerfect Conflict

Attorneys for Philip R. Shawe are preparing to ask the Delaware Court of Chancery to order a shareholder meeting to elect a new slate of directors for TransPerfect Global Inc., to avoid a court-ordered sale of the profitable translation-service company, Shawe's lawyer said on Thursday.
8 minute read

New York Law Journal

Preparing for and Responding to Shareholder Activism in 2017

In their Corporate Governance column, David A. Katz and Laura A. McIntosh of Wachtell, Lipton, Rosen & Katz write: Activist investors are taking advantage of favorable conditions in the 2017 market environment to further their activist agendas. Activists are eager to recoup losses from 2016, when the S&P 500 outperformed activist funds as a whole. Companies should review their overall preparedness, take a close look at their potential vulnerabilities to activist attack, and proactively shore up any weaknesses to the extent possible.
15 minute read

The Legal Intelligencer

Fiduciary Duties of Nonprofit Directors

Many experienced lawyers and successful business persons often second guess their roles as directors of nonprofit organizations. Although most nonprofit directors serve without compensation, with respect to operational matters, they are increasingly held to the same standard as directors of for-profit entities. However, directors of charitable organizations must also address unique questions.
12 minute read

The Legal Intelligencer

Court OKs Attorney Fees for PSU Trustees in Battle Over Freeh Docs

Seven Penn State trustees are entitled to attorney fees and costs after a nearly two-year-long battle over access to the materials that formed the basis of the Freeh report, the Commonwealth Court has ruled.
13 minute read

Delaware Business Court Insider

Justice Holland's Lasting Imprint on Corporate Law

In early February, Justice Randy Holland, the longest-tenured member of the Delaware Supreme Court, announced his plans to retire at the end of March.
15 minute read

Corporate Counsel

Kickstarter GC Talks Company's Public Benefit Status

Michal Rosenn, general counsel of Kickstarter, talks about how her company became a public benefit corporation.
8 minute read

Corporate Counsel

Uber's 'Greyball' Scandal Drives at Legal Department Challenges

The news that Uber is using an ethically and legally questionable program called "Greyball" has put focus on the pressures in-house attorneys face as they become more aligned with business functions.
9 minute read

The American Lawyer

The Samuel Beckett of Cravath

Remember Alan Hruska, the former Cravath, Swaine & Moore partner turned playwright, novelist and filmmaker? Recently, the 83-year-old former litigator opened his play "Ring Twice for Miranda" at City Center in New York, a highly prestigious off-Broadway venue.
7 minute read

New York Law Journal

State, Investors Team Up to Force Exxon to Report Climate Change Risk

New York state's comptroller said Thursday he has lined up support from 47 other investors in the Exxon Mobil Corp. for a proposed shareholder resolution requiring the energy company to report on how its business will be affected by climate change mitigation efforts.
6 minute read

The Legal Intelligencer

Reducing the Risk of Corporate Criminal Liability

Last fall, the U.S. Sentencing Commission published the results of its study on the federal ­prosecution of corporations and other organizational ­offenders. The results of that study, based on sentencing data for the calendar year 2015, says much about the types of organizations and offenses that are most likely at risk for federal prosecution and how corporate counsel can reduce the risk of corporate criminal liability in the new year.
9 minute read

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