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New York Law Journal

Steptoe Lands Lawyers From Orrick and EY

Just this month, the firm has added to its cross-border investigations team, its corporate practice and its commercial litigation bench.
3 minute read

Delaware Business Court Insider

The Common Law Insolvency Exception for the Sale of a Corporation's Assets Without Stockholder OK

At common law, before the directors could sell all the assets of a healthy corporation, they had to obtain unanimous stockholder approval. The unanimity requirement gave rise to holdout problems, where a minority of stockholders could block a transaction.
8 minute read

Texas Lawyer

Nelson Mullins Launches Dallas Office With 9 Bowman and Brooke Products Liability Partners

After announcing a Dallas office last week, the Southeastern Am Law 100 firm on Tuesday identified the nine Bowman and Brooke partners that will staff the new location.
2 minute read

The Legal Intelligencer

Attorney-Client Privilege and Common Interest Doctrine May Provide Less Protection Than You Think

In particular, the Sandoz court held that, even wholly within a corporate client, nonlawyer personnel cannot disseminate corporate counsel's legal advice without losing the privilege; and the court held that the common interest privilege attaches only to communications that include lawyers representing all of the clients participating in the common effort, and does not apply to communications between or among the clients themselves.
8 minute read

New York Law Journal

Foley & Lardner Sign on to Represent Defendants in Cryptocurrency Case

The MCO2 cryptocurrency at the center of the case is described in promotional materials as a carbon credit token aimed at "democratizing carbon offsetting."
3 minute read

Daily Business Review

Wall Street Lawyers and New York Asset Managers Want to Be in Miami—What About Their Law Firms?

Long before King & Spalding relocated 37 attorneys to Miami, partners at Wall Street firms have worked out of their South Florida homes. But despite a recent influx of Northeastern talent and clients, recruiters say the nation's most profitable law firms may hold off on launching a Miami office until a direct competitor moves in.
8 minute read

Daily Business Review

Corporate, Latam Practices Remain Hot as Greenberg Traurig Hires Shareholder From Nelson Mullins

Greenberg Traurig and Greenspoon Marder added Latin America-focused have corporate partners this week following Duane Morris's raid on Shutts & Bowen's international disputes group last week.
4 minute read

Delaware Business Court Insider

Chancery Applies Traditional Fiduciary Principles to SPAC in 1st Test of Popular Vehicle for Private Companies to Access Public Markets Under Del. Corporate Law

The Delaware Court of Chancery applied entire fairness review and held that the plaintiff stockholders had stated legally sufficient "nonexculpated claims against the controlling stockholder and directors" of Churchill Capital Corp. III, a SPAC, in connection with its de-SPAC merger with a private operating company.
7 minute read

Texas Lawyer

Texas Case Sheds Light on Evidentiary Rules in Pandemic Conditions

Attorney Christopher D. Kratovil at Dykema said his client has requested a petition for review with the Texas Supreme Court.
4 minute read

The Legal Intelligencer

Avoiding Deceptive Pricing Practices Under Federal and State Consumer Protection Laws

The Federal Trade Commission (FTC) and state attorneys general regulate how companies advertise the prices of their products. For those companies with a national reach, this complex web of federal and state rules can make it difficult to design a single, persuasive advertising campaign that does not trigger an investigation for deceptive pricing somewhere in the country.
5 minute read

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