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Delaware Business Court Insider

Chancery Suit Seeks Pause on Elon Musk's Twitter Acquisition

The crux of the complaint is that under Section 203, Musk is now considered an interested stockholder, and his takeover can't go through until 2025 unless two-thirds of other shareholders vote in favor.
2 minute read

International Edition

KPMG Law Set To Double In Size Over Next 3 Years In UK

The Big Four firm wants to add 220 lawyers in the U.K. to its existing 180 in the region.
2 minute read

Corporate Counsel

SEC Climate Change Rule May Reframe Risk Management and Governance

In a widely anticipated rule published March 21, the SEC is proposing to require listed companies to disclose climate-related financial risks and metrics to investors.
9 minute read

Corporate Counsel

Trust and Safety Compliance Program at the Heart of Twitter Rift

Musk says he wants Twitter to foster a "public platform that is maximally trusted and broadly inclusive." What Musk is saying is that the trust and safety program shouldn't be used to censor speech.
7 minute read

Corporate Counsel

Antitrust and Consumer Protection at Last Converge   

Given that they have long been combined in a single dual-mission agency, one might expect these two competencies—antitrust and consumer protection—to be closely interrelated. But traditionally they have not been, and lawyers specializing in the two areas have largely occupied separate and distinct provinces.
5 minute read

The Legal Intelligencer

C-PACE Funds Could be a Key Player in Phila.'s Carbon Neutral Push

In light of the recent changes to the Commercial Property Assessed Clean Energy (C-PACE) guidelines for Philadelphia, it is worthwhile to review the administration of the funding paradigm as a potential tool to support commercial property owners as they navigate the requirements and standards of the city's building energy performance program.
7 minute read

Delaware Business Court Insider

Language and Context Lead Chancery to Conclude That Irrevocable Proxy Does Not Bind Subsequent Transferee

Under Section 212(e), a proxy may be made irrevocable "if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power." But, once established, does an irrevocable proxy bind only the individual stockholder who granted the proxy, or does it also bind subsequent holders of the stock, too?
6 minute read

Delaware Business Court Insider

Electric Vehicle Derivative Lawsuits Trend Continues With Second Del. Complaint Against Faraday Future

In addition to multiple lawsuits in Delaware, Faraday Future is facing a securities class action, this time in the Central District of California.
3 minute read

New York Law Journal

Citing 'Repeatedly Late' Transfer Funds to Consumers, New York AG Joins Lawsuit Against MoneyGram

Leading the lender's defense is a Vinson & Elkins partner who was a former assistant chief of the U.S. Department of Justice's Criminal Fraud Section.
5 minute read

Corporate Counsel

CEOs Say GCs Are Key Players in Promoting 'Purpose'

"Trust with your customers, your staff, your suppliers and your bankers is key. Unless they trust you, nothing can happen," said Bestway CEO Lord Zameer Choudrey.
3 minute read

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