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Delaware Business Court Insider

Automotive Company Officers Accused of Rejecting $875M Sale Settle for $12M

An attorney in the case said said, but it's not uncommon to see such a settlement finalized when the motion has been fully briefed but not argued or resolved.
3 minute read

International Edition

Recent US Supreme Court Rulings Nullify 'FIFA Gate' Convictions 

Debevoise & Plimpton, Norton Rose Fulbright and Baker & Hostetler won acquittal for a former Fox TV executive and co-conspirators, citing the U.S. Supreme Court's Percoco and Ciminelli rulings. The U.S. Supreme Court's May ruling could undermine certain Department of Justice prosecutions, lawyers say.
3 minute read

International Edition

Slaughter and May Agrees to Meet Lawyer Climate Pressure Group

Slaughter is first large U.K. firm to engage with the climate group, which asks lawyers to pledge to withhold their services on matters that could support 'new fossil fuel projects'.
2 minute read

Delaware Business Court Insider

Nikola Oversight 'in Shambles' With Convicted Founder's Fraud, Newest Derivative Suit Claims

The complaint brings breach of fiduciary duty, unjust enrichment and contribution and indemnification claims against current and former Nikola management.
3 minute read

Delaware Business Court Insider

Court of Chancery Examines Director's Personal Relationship in Dismissing Duty of Loyalty Claim

Vice Chancellor Sam Glasscock III considered whether a personal relationship between an independent director and a conflicted director was sufficient to corrupt the independent director's loyalty in approving a cash only freeze-out merger.
7 minute read

International Edition

Gateley After-Tax Profits Take 47% Hit After Recent Acquisitions

Staff bonus payments will not be paid out this year, with the firm citing 'the challenging economic back drop'.
2 minute read

International Edition

Axiom Ince Secures £57M Freezing Order Against Managing Partner

The firm brought the action after claiming client funds have been paid away, but Pragnesh Modhwadia's lawyer has dismissed fears about his client's whereabouts.
3 minute read

The Recorder

Challenges to Corporate Decision-Making in the Face of Increasingly Polarized Responses to ESG Initiatives

A wave of "conservative" political lawsuits and advocacy campaigns seeking to advance "anti-ESG" or "anti-woke" themes have resulted in certain companies de-emphasizing disclosure of their ESG initiatives, according to Simpson Thacher & Bartlett's Stephen Blake and Sareen Armani.
9 minute read

Delaware Business Court Insider

Amazon Hiring Bezos-Run Blue Origin Over SpaceX Slighted Shareholders, Derivative Suit Claims

"In total, between the audit committee's single meeting and the board's single brief meeting, Amazon's directors likely devoted barely an hour before blindly signing off on funneling (redacted) of Amazon's money to Bezos' unproven, struggling rocket company," the complaint states.
4 minute read

The American Lawyer

McDermott Hires Former EY GC From Gibson Dunn, as Accounting Firms Face More Scrutiny

Ron Hauben's arrival at McDermott coincides with increased regulatory activity from the SEC and PCAOB.
3 minute read

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