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New York Law Journal

Tesla Board Agrees to $735 Million Settlement in Shareholder Lawsuit Over Director Compensation

Shareholders alleged that current and former members of the board grossly overpaid themselves between 2017 and 2020.
2 minute read

Corporate Counsel

Investigating While Under Investigation: Protecting Privilege and Confidentiality in Internal Investigations

When corporate misconduct comes to light, corporations often must conduct an internal investigation to effectively assess potential liability, craft remediation, and engage with regulatory scrutiny. Companies rely on investigative findings in advocating for DOJ, SEC, and other regulators to forgo charges or enforcement.
7 minute read

Delaware Business Court Insider

Covenant Not to Sue for Loyalty Breaches in an Agreement Among Stockholders May Operate Within the Space for Fiduciary Tailoring

In New Enterprise Associates 14. v. Rich, the Delaware Court of Chancery ruled that a covenant not to sue for breach of fiduciary duties in connection with the exercise of a drag-along provision to approve a merger or sale contained in a voting agreement among sophisticated stockholders in a Delaware general corporation was not facially invalid.
4 minute read

National Law Journal

'Pushed Past Their Limits': As ESG Tensions Heat Up, Practitioners Are Burning Out, Survey Suggests

"Companies are saying they need to make sure their disclosures are backed up by data and can respond when the questions come," said Tara K. Giunta, co-chair of Paul Hastings' ESG Risk, Strategy and Compliance Group.
4 minute read

Corporate Counsel

Wachtell Lipton Star Sabastian Niles Joins Salesforce as Legal Chief

Niles is giving up his lustrous career at Wachtell Lipton to become a top executive at Salesforce, one of his clients.
3 minute read

International Edition

A&O, Shearman Leaders Embark on Merger Roadshow Ahead of October Vote

The two firms expect to implement a joint compensation system with no maximum cap on remuneration.
3 minute read

International Edition

Ashurst CEO Dampens US Merger Speculation Amid Flat Profitability

Despite a 10% revenue increase, profit per equity partner remains practically unchanged.
2 minute read

Delaware Business Court Insider

Court Grants Full $2.1M Fee Shifting Request in Managerial Misconduct Case

"The court's ruling bodes well for others presented with similar circumstances in Chancery Court and will hopefully serve as a cautionary tale should parties choose to engage in litigation misconduct," said David Lackowitz, litigation department chair at Moses Singer.
3 minute read

New York Law Journal

Phillips Lytle Has Warning for Employers in Wake of Ruling on Affirmative Action in Higher Ed

The SCOTUS decision—aimed at higher education—may still ensnare private employers in lawsuits over their diversity, equity and inclusion programs.
3 minute read

International Edition

Linklaters, Cleary Gottlieb Guide First Sustainable Bond With Gender Goals

As part of the deal, Chile has pledged to convince publicly traded companies to appoint women to at least 40% of their board seats by the end of 2031. It has also committed to getting its annual greenhouse gas emissions below certain targets by the end of 2030.
2 minute read

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