NEXT
Sign in to follow

Daily Business Review

Wells Fargo Board Claws Back $28 Million More From Ex-CEO

Wells Fargo & Co.'s board clawed back an additional $28 million from former Chief Executive Officer John Stumpf and canceled about $47 million of ex-community bank head Carrie Tolstedt's stock options after determining they were among senior managers who failed to heed warnings of spreading sales abuses for more than a decade.
8 minute read

Corporate Counsel

Managers Are Failing to Foster Ethical Conduct: Report

A new survey by consultant EY finds that more than three-quarters of board directors and senior managers in Europe, the Middle East, India and Africa who responded to a survey said they could justify unethical behavior if it would help their businesses survive.
6 minute read

Delaware Business Court Insider

Judge Tosses Derivative Suit Over 'Excessive' Director Compensation

The Delaware Court of Chancery has dismissed a derivative suit accusing Investors Bancorp Inc. directors of giving themselves a "grossly excessive" compensation hike following the firm's mutual-to-stock public offering.
7 minute read

Delaware Business Court Insider

Judge Tosses Derivative Suit Over 'Excessive' Director Compensation

The Delaware Court of Chancery has dismissed a derivative suit accusing Investors Bancorp Inc. directors of giving themselves a "grossly excessive" compensation hike following the firm's mutual-to-stock public offering.
7 minute read

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

More from ALM

More from ALM

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

Resources

  • Why Embracing Change Is Essential for Your Legal Department

    Brought to you by DiliTrust

    Download Now

  • International Export and Trade Assistance State Law Survey

    Brought to you by LexisNexis®

    Download Now

  • How This Personal Injury Firm Reduced Client Intake Time by 80%

    Brought to you by PracticePanther

    Download Now

  • The Hidden Cost of Bad Reviews: Why Law Firms & Attorneys Can't Afford a Damaged Online Reputation

    Brought to you by Erase.com

    Download Now