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New Jersey Law Journal

Justices Find 'Constructive Fraud' in Relieved $600K Loan From Bankrupt Co.

The loan of $600,000 from a bankrupt company to a contractor that did not repay the debt and was relieved of its obligation amounts to a fraudulent conveyance, the New Jersey Supreme Court ruled on Thursday.
10 minute read

Legaltech News

Finding the Right Balance Between Tech Knowledge and Confidence in a Rule 30(b)(6) Deposition

EDI's upcoming California Spring Meeting will look at perspectives and considerations for witness selection.
8 minute read

The Legal Intelligencer

Now at Ballard, SEC Vet Predicts Shift in Agency Approach

The SEC will remain committed to enforcement under Jay Clayton, says newly minted Ballard Spahr partner David Axelrod. But fines may be smaller.
15 minute read

National Law Journal

Mylan Taps Ex-SEC Commissioner as Top Lawyer

EpiPen maker Mylan N.V. announced Tuesday that Daniel Gallagher has been appointed chief legal officer, effective April 17. Gallagher served as a commissioner of the U.S. Securities and Exchange Commission from late 2011 to late 2015. He previously held various staff roles at the agency, including as counsel to two commissioners.
8 minute read

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

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