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Delaware Business Court Insider

Are Statutory Appraisal Proceedings the 'New 220'? Not Likely.

As framed by the court: "No Delaware court has yet confronted the precise issue presented by respondent's motion—whether an appraisal petitioner may obtain full discovery in an appraisal proceeding where the proceeding was commenced for the purpose of pre-suit investigation."
8 minute read

Delaware Business Court Insider

Court Refuses Appointment of a Custodian Under DGCL Section 226(a)(3) to Continue Defunct Corporation

Although Vice Chancellor Travis Laster denied the petition based on the language of the statute, his opinion appears to abandon the court's previous policy against permitting the revival of defunct Delaware corporations for use as blank check companies.
7 minute read

National Law Journal

Orrick Lures Morgan Lewis Corporate Tech and Life Sciences Attorney in DC

"Tony joining is another key step for us in adding world-class talent that supports technology businesses or their financial sponsors," said Orrick's corporate global leader, Matthew Gemello.
3 minute read

Daily Business Review

Greenberg, Greenspoon and Carlton Fields Raid Los Angeles Firms

Seizing opportunities to compete with West Coast-based firms, several Florida law firms have expanded their Los Angeles offices with new hires this week.
3 minute read

Corporate Counsel

CEO's Grumble About Lawyers Sparks Dialogue About Being a Good Business Partner

"Yes, as a profession, we have a major PR problem. But as individual lawyers and legal departments, we can work to fix that problem—or at least to do better ourselves," stated Boston Globe Media deputy GC Heather Stevenson.
4 minute read

Delaware Business Court Insider

'Zoox' and the Intersection of Stock Appraisal and Section 220 Demands in Delaware

The court's ruling in Zoox has implications and raises questions both in and outside the context of appraisal proceedings.
6 minute read

Delaware Business Court Insider

Del. Passes Legislation Approving Use of Captive Insurance for Non-Indemnifiable D&O Loss

Corporations may prefer to pay these costs rather than face a rock-hard D&O insurance market and the seemingly "deny first and ask questions later" attitude of many claims handlers nowadays, or go through the hassle of creating a trust or other alternative arrangement for indemnification.
4 minute read

The Legal Intelligencer

Maintaining Corporate Formalities Is an Essential Piece of Proper Business Operations

One of the great benefits afforded to a company under the law, is the fact that a company exists as a separate legal "person," and the owners of that company are generally shielded from liability of the company's actions.
4 minute read

New Jersey Law Journal

Investment Fund Work, Crypto Cash-In Helps Drive Return to Double-Digit Gains For Lowenstein Sandler

"The deal activity was robust throughout the year and it's actually continuing into 2022, even if the markets were a bit rocky in January," managing partner Gary Wingens said.
4 minute read

National Law Journal

Greenberg Traurig Adds 5 in DC From Multiple Big Law Competitors

The firm said it expects growth areas this year to be in government contracts, energy and real estate.
5 minute read

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