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The Recorder

Will 'Deeper Problems' Emerge? Attorneys Forecast Litigation Against Silicon Valley Bank

Attorneys expect to see more litigation soon from investors and depositors claiming failures in disclosures, internal controls and corporate governance.
7 minute read

International Edition

Host of Firms Advise on Historic UBS Takeover of Credit Suisse

Swiss firms and US firms, including Davis Polk and Sullivan & Cromwell, appear to have taken to top roles on the 'emergency rescue' over the weekend to create a banking giant with a combined market capitalization of $65 billion.
3 minute read

New York Law Journal

Accrual Principles for Breach of Fiduciary Duty in Delaware

In a recent decision by Vice Chancellor J. Travis Laster of the Delaware Court of Chancery, the former is called the "Red-Flags Theory" of liability, as set forth in In re Caremark International Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996), while the latter is called the "Massey Theory" of In re Massey Energy, 2011 WL 2176479 (Del. Ch. May 31, 2011
7 minute read

Delaware Business Court Insider

Court of Chancery Denies Bid to Make Records of Arbitration Materials Presumptively Confidential Under Rule 5.1

A recent case, Soligenix v. Emergent Product Development Gaithersburg, called upon the Court of Chancery to answer the related questions of whether arbitration materials automatically qualify for confidential treatment under Court of Chancery Rule 5.1.
6 minute read

Delaware Business Court Insider

Shareholder Says Moelis Board's Hands Tied by Chairman-Run Holding Company

Saxena White lawyers are saying an investment bank is undermining the core Delaware legal concept that a corporation is meant to be controlled by its board of directors.
2 minute read

The American Lawyer

Big Law Works 'Around the Clock' as Clients Navigate SVB Collapse

As clients scrambled to access and move funds from Silicon Valley Bank accounts over the weekend, many law firms quickly pivoted to provide resources and guidance.
7 minute read

Corporate Counsel

As SVB's Risks Skyrocketed, Bank Let Chief Risk Officer Post Sit Vacant for Months

"It's like having an airplane without a pilot or a ship without a captain. It will move, but to what direction?" said Charles Elson, a retired professor of corporate governance at the University of Delaware.
6 minute read

Delaware Business Court Insider

Derivative Suit Filed Against Block, Jack Dorsey Stemming from AfterPay Acquisition

This suit was surfaced by Law.com Radar. Read the complaint here.
2 minute read

International Edition

Are Critical Minerals the Next Battleground in Western Sanctions Against Russia?

Even without sanctions, companies and legal advisers have a moral imperative to ensure their money doesn't go to support tyrants, panelists at a global conference said.
5 minute read

Delaware Business Court Insider

Block Inc.'s Failure to Disclose Data Breach Kept Up Stock Price, Shareholder Lawsuit Says

The complaint brings claims against Block's co-founder and chairperson, Jack Dorsey, along with Block's 10 other board members, including Jay-Z, who founded the majority Block-owned music platform TIDAL.
2 minute read

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