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Delaware Business Court Insider

Shareholders Attorney Says Delaware Shouldn't Adopt West Virginia Federal Court's Finding in Chancery 'Caremark' Case Over Opioids

A national issue should not be governed by a decision in a lawsuit involving one city and county government in West Virginia.
4 minute read

The Legal Intelligencer

Pay Versus Performance Disclosures: A First-Year Recap

The new disclosure rule, referred to as "pay versus performance" added a wrinkle for companies in advance of the 2023 proxy season. A year has passed since the new disclosure rule was adopted. It is time to take a look back at the first foray into pay versus performance disclosures with an eye to considerations for disclosures in the coming year.
10 minute read

New York Law Journal

NY Chief Judge Challenges In-House Lawyers to Act on the Unmet Needs of Civil Litigants

"This is a matter of justice and fairness, but for businesses," Wilson said. "I think it's also a matter of economics."
7 minute read

Corporate Counsel

SEC Slaps Lyft With $10M Fine for Undisclosed Stock Deal Just Before IPO

According to news reports, the seller of the $424 million in shares was Carl Icahn, and the buyer was George Soros.
3 minute read

The American Lawyer

Turmoil in the NCAA's Power Five Means Business for Big Law

Industry groups geared toward sports, media and universities are capitalizing on the increasing commercialization of college sports.
5 minute read

Corporate Counsel

Legal Departments Poised to Go on Tech Spending Spree to Bolster Compliance

A Gartner report projects a 50% increase in spending on governance, risk and compliance technology by 2026—a surge sparked by rising regulatory requirements.
3 minute read

International Edition

Law Firms' Herd Mentality is (Sometimes) a Force for Good

Law firms have the habit of following one another, which has sometimes resulted in inertia on the most serious social issues—but this week has shown that it could have positive effects, writes The London Lawyer.
3 minute read

Delaware Business Court Insider

Major Pension Funds Are Going After Fox for Election Coverage Accountability

There are more than a dozen institutional shareholders and a handful of individuals who are pursuing claims against Fox and its directors in the Delaware court
3 minute read

Corporate Counsel

Medical Device Firm Fires Legal Chief, Plus CEO and CFO, Over 'Offensive Conduct'

Patrick Keran is out as CLO of Orthofix just eight months after he joined the company via its merger with SeaSpine, where he'd been the top lawyer since 2015.
4 minute read

Delaware Business Court Insider

Court of Chancery Sustains Derivative Complaint Based on Allegations That the Board Acted in Bad Faith

In IBEW Local Union 480 Defined Contribution Plan and Trust v. Winborne, the Court of Chancery provided guidance concerning the holistic inquiry that the court uses to assess good faith, holding that the plaintiff successfully had pleaded that a majority of the board acted in bad faith in approving a buyout of a liability for $850 million that the company contemporaneously valued at $175.3 million in its audited financial statements.
6 minute read

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