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The Legal Intelligencer

Managing the Transition as LIBOR's End Looms 

The London Interbank Offered Rate (LIBOR) is not much longer for this world, with the reference rate on track to be discontinued in most of the world by the end of the year and for certain U.S. dollar (USD) transactions by 2023.
5 minute read

Daily Business Review

Letters of Intent in Connection with Sales of Businesses: Key Considerations

Once a business owner has identified a prospective purchaser of his or her business, a letter of intent will typically be entered into. All too often, merger and acquisition (M&A) lawyers are engaged after sellers have signed letters of intent.
7 minute read

Delaware Business Court Insider

Board Approval of Stock Sale for Purpose of Interfering With Stockholder Voting Rights Must Have Compelling Justification

A proper balance between the stockholders' right to elect directors and the board's right to manage the company is dependent on the stockholders' unimpeded right to vote in an election of directors.
3 minute read

Delaware Business Court Insider

Sontchi Rejects Majority View on Test to Determine Whether a Business Trust Is an Eligible Debtor

What law determines whether a "business trust" may be an eligible debtor under Chapter 11? There is a split of authority as to whether the law of the jurisdiction in which the trust resides or federal common law controls.
7 minute read

National Law Journal

Kellogg Hansen Lands Temporary Win for Facebook in Antitrust Showdown

The blow comes as the Biden administration is expected to step up antitrust enforcement of Big Tech.
3 minute read

The Legal Intelligencer

A Primer on Pennsylvania's Participation Theory

One of the primary benefits of organizing a business as a corporation (or similar entity) is limited liability protection.
8 minute read

Delaware Business Court Insider

The Shifting Landscape and Proliferation of Books and Records Demands in Delaware

Section 220 of the General Corporation Law of the State of Delaware provides stockholders with the right to inspect the books and records of a corporation for a "proper purpose" that is "reasonably related to such person's interest as a stockholder."
7 minute read

The Legal Intelligencer

The Shifting Landscape and Proliferation of Books and Records Demands in Delaware

Section 220 of the General Corporation Law of the State of Delaware provides stockholders with the right to inspect the books and records of a corporation for a "proper purpose" that is "reasonably related to such person's interest as a stockholder."
7 minute read

Delaware Business Court Insider

Chancery Considers Measure of Damages in Case Involving Cancer Therapeutics Company

In most cases, courts are presented with competing experts offering damage valuations based on estimates, forecasts, projections and discounts, and are then tasked with rending this information into a monetary amount sufficient to compensate a party for its injury.
7 minute read

Daily Business Review

South Florida Jury Awards $5.5M to Widow Suing Tobacco Companies

"What I think this verdict shows that fading memory and passage of time is not something tobacco companies can exploit," attorney Austin Carr said. "They are not going to be able to delay a case."
5 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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