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International Edition

UK Top 50 Firms See Cash Balances Plummet

Evelyn Partners said that firms are grappling with 'increasing people costs, high energy prices and the need to invest in information technology, especially cyber security'.
2 minute read

Delaware Business Court Insider

McCormick: No Current Need to Formally Block Tesla Shakeup in Chancery

Chancellor Kathaleen McCormick said she's holding defense counsel to their word and will leave the door open for the motions to be raised again if they don't keep it.
4 minute read

New York Law Journal

AI Disclosure and Governance in the Spotlight

The 2024 proxy season demonstrated that AI-related disclosures and governance structures currently are a subject of intense shareholder interest. It is likely that both disclosure- and governance-oriented shareholder proposals regarding AI will gain traction in future proxy seasons.
8 minute read

Delaware Business Court Insider

Del. Exclusive Forum Selection Clause Does Not Bind Contracting Party's Managers, Principals, Owners Who Do Not Directly Benefit From Contract

Parties to transaction agreements often choose Delaware as the exclusive forum for disputes arising out of their transactions. This is common, where the parties are from diffuse geographic locations, but desire a single forum well-versed in corporate and commercial law—like Delaware—to resolve their disputes.
5 minute read

Delaware Business Court Insider

Court of Chancery Grants Special Litigation Committee's Dismissal of 'Carvana' Derivative Action

In re Carvana Stockholders Litigation is another example of a board successfully employing this process to discontinue a derivative suit after directors weighed the pros and cons and made a good faith business judgment to dismiss.
6 minute read

Delaware Business Court Insider

Microsoft, Activision Blizzard Seek Chancery Approval of $69B Merger

The companies are seeking to end an ongoing, parallel case that an Activision shareholder, the Swedish pension fund Sjunde AP-fonden, has been pursuing since November 2022.
3 minute read

Law.com

Inside Track: Why Meta Pays $23M in Security Costs for Mark Zuckerberg

"We believe that Mr. Zuckerberg's role puts him in a unique position: he is synonymous with Meta and, as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg," the company's proxy statement says.
5 minute read

International Edition

Former Post Office General Counsel Leaves Current GC Role Amid Inquiry Questioning

The role of the Post Office's former in-house lawyers is being closely scrutinised at the ongoing Horizon inquiry.
3 minute read

Corporate Counsel

Companies With CLO Who Also Is Corporate Secretary Are Less Likely to Land in Legal Trouble, Study Finds

"Our results should give pause to regulators and commentators who recommend separating the CLO and CS roles," said the study submitted to the Association of Corporate Counsel.
4 minute read

Daily Business Review

Nuclear Verdicts Poised to Rise But Some Governors Fight Back

The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.
4 minute read

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