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Daily Business Review

Attorneys Take Boca Raton Health Care Company Public

Gunster attorneys David Scileppi and Robert Lamm advised a Boca Raton-based healthcare company that went public in June.
4 minute read

New York Law Journal

New York and Delaware Agree: Directing Should Be Left to Directors

Andrew W. Stern and Benjamin F. Burry write: The New York Court of Appeals has expressly adopted the standard from Delaware's highest court governing transactions in which a controlling shareholder proposes to take a public company private. But perhaps not enough attention has been paid to these two influential courts' having put the proverbial nail in the coffin of the proposition that ad hoc judicial inquiry provides better protection of shareholder rights than a properly run corporate process, overseen by independent fiduciaries.
21 minute read

Litigation Daily

Sanctions Sought for 'Truly Outrageous' Deposition

Two hundred and ninety-four. That's how many questions the former CEO of software maker Kony Inc. refused to answer during a deposition before walking out early, according to a motion for sanctions by opposing counsel, who called it “a stunning display of misconduct.”
9 minute read

Daily Business Review

Venezuela to Seize Kimberly-Clark Factory as Production Ends

Venezuela's government said it will seize a factory belonging to Kimberly-Clark Corp. after the U.S. personal care giant said it was no longer possible to manufacture in this crisis-wracked South American nation.
4 minute read

Daily Report Online

Oxford Center Founder Sued for Diluting Stock Shares Surrendered to Pay Legal Fees

An attorney's efforts to collect $47,000 in legal fees from entrepreneurial coach, business columnist and one-time congressional candidate Cliff Oxford has spawned three lawsuits, and left the lawyer and his firm holding 1,000 shares of a company he claims have been rendered worthless as Oxford dodges efforts to collect.
10 minute read

International Edition

Taylor Wessing Launches Hong Kong Association

The Anglo-German firm has tied up with local boutique HM Chan & Co in the Chinese territory.
5 minute read

Delaware Business Court Insider

Genelux Founder Allowed to Seek Fee Award

The Delaware Supreme Court has partly vacated a Delaware Chancery Court decision and allowed the founder of a biopharmaceutical company to pursue fees and expenses in a related bad-faith fiduciary duties suit against corporate directors.
14 minute read

Delaware Business Court Insider

Chancery Court Boots Plaintiff, Counsel Over Fee Motion

Vice Chancellor Joseph R. Slights III, in a strongly worded ruling, has booted the representative plaintiff and Pomerantz counsel from an unresolved derivative suit, saying their bid to collect $540,000 in interim fees as they exited the "botched" litigation was made with "little grace."
9 minute read

Daily Report Online

Corporate Legal Departments Can Prevent, Mitigate Internal Fraud

Corporate leaders can often prevent or mitigate that damage by implementing first-class ethics and compliance programs, responding appropriately to reports of fraud through internal investigations, taking meaningful action to root out problems when they arise and independently “monitoring” to ensure the fraud ends there. These actions best position companies to deal with federal and state investigations and allow companies to move forward with integrity.
8 minute read

The Recorder

BAR-ometer: Bragging Rights for HP

Plus, Cooley comes through for Facebook (again). And payday comes for Hagens Berman.
6 minute read

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