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Delaware Business Court Insider

People of Bikini Claim 'No Questions Asked' Practices Resulted in Trusts' Depletion

Trusts created for persons from the Pacific island that became a nuclear test site have been drained, according to a lawsuit filed in Delaware Chancery Court.
3 minute read

Corporate Counsel

AIG's Lucy Fato Goes in New Direction With Latest Legal Chief Post

Fato has joined Seaport Entertainment Group, which is backed by billionaire hedge fund manager Bill Ackman and is pursuing opportunities that combine entertainment and real estate.
3 minute read

Corporate Counsel

Mitigating Off-Channel Communications: A Guide for In-House Counsel and Compliance Professionals

Off-channel communications—those that occur outside of approved corporate systems—can pose a considerable challenge for regulatory compliance, data security and overall business integrity.
12 minute read

Delaware Business Court Insider

Nikola Sued for Delayed Production 'Inherited' Through Subsidiary

A newly-filed complaint alleges that Romeo, a California-based company that designs and produces lithium-ion battery packs for electric vehicles, overstated its ability to meet production goals, earning a fraction of its anticipated revenue.
3 minute read

Delaware Business Court Insider

Upholding $266.7M Fee Award, Del. Supreme Court Rejects Diminishing-Returns Curb on Bigger Wins

The opinion by Chief Justice Collins J. Seitz Jr. states Delaware precedent doesn't support requiring a declining percentage fee model like the one used in federal courts.
4 minute read

Corporate Counsel

Financial Firms Hit With Another $470M in 'Off-Channel' Communications Fines

The 3-year-old crackdown now has yielded more than $3 billion in penalties, and regulators show no signs of letting up.
2 minute read

Litigation Daily

How Corporate Law Legislation Morphed Into a Conversation on Judicial Ethics

An amendment to Delaware's corporation law has divided lawyers and led to discussion about when Court of Chancery judges should and should not weigh in on laws they will later apply.
5 minute read

Corporate Counsel

2024 GC Pay Report: $20M Club Shrinks, but Not Average Compensation

Netflix was an outlier in revamping its pay practices in a year when robust stock market returns left investors disinclined to second guess boards.
12 minute read

Corporate Counsel

More CEOs May Unleash Buyout Offers, Creating Hornet's Nest of Challenges for Boards

23andMe set up an independent board committee and hired legal and financial advisers to work with it after CEO Anne Wojcicki offered to take the company private.
6 minute read

Delaware Business Court Insider

Intel Again Accused of Misleading Investors on Foundry Finances

It's the second case bringing similar allegations against Intel in the Delaware court.
3 minute read

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