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Delaware Business Court Insider

'MFW' Just Turned 10, but Is It Worth the Candle?

Practitioners generally lauded MFW as a welcome development that rebalanced the litigation risk landscape in a manner that enabled controlled companies to pursue a greater range of value-maximizing transactions. And in the decade that followed, many companies have taken advantage of the MFW framework to do just that.
7 minute read

Daily Business Review

Let's Embrace Corporate Social Responsibility

CSR is much more than a business being philanthropic and giving to charity. Writing a check, while often appreciated, is not CSR. It is vital in the workforce to allow and encourage your team and up-and-comers to engage in CSR.
6 minute read

New York Law Journal

Seeking to Boost Corporate Practice, Wilmer Adds K&L Gates Tax Partner

"The firm is absolutely committed to growing our corporate and transactional practices," said Kimberly Wethly, chair of Wilmer's tax practice.
3 minute read

Delaware Business Court Insider

Shareholder Primacy in Delaware Corporation Law: Court of Chancery Makes Clear That Delaware Law Assumes 'Single-Firm Model'

The Delaware Court of Chancery recently had the opportunity to weigh in on a plaintiff's unique theory of director and officer fiduciary duties arising out of the stakeholder capitalism model of corporate governance.
7 minute read

Delaware Business Court Insider

Chancery Reviews SPAC Precedents and Dismisses Complaint for Failure to Show Impairment of Stockholders' Redemption Rights

In the recent decision of In re Hennessy Capital Acquisition IV Shareholder Litigation, the Delaware Court of Chancery observed that the ensuing "abundance of SPAC fiduciary duty claims suggests that stockholder plaintiffs have taken notice," and that SPAC litigation had become "ubiquitous" in the court.
10 minute read

The American Lawyer

With Lateral Market Heating Up, Emerging Companies Lawyers Bullish on Coming Months

"One of the things that is very interesting about this sector, just in terms of the business cycle, is there's a fair amount of activity even when the overall market is weaker," said Martin Wellington, Sidley Austin's ECVC leader.
5 minute read

The Legal Intelligencer

Saul Ewing Snags Two Dealmakers From Armstrong Teasdale

Michael Petrizzo will be based in the firm's Philadelphia and New York offices, while Julia Taylor will be working from Washington, D.C.
3 minute read

Corporate Counsel

Buchalter PC, Former Shareholder Named in Legal Malpractice Suit

"Defendants wanted to devalue ACT to the point they could obtain control of all or substantially all of ACT's shares at a fraction of their true value," Advanced Combustion Technologies' complaint alleges.
4 minute read

The American Lawyer

For Law Firm Succession Planning, GCs Take Matters Into Their Own Hands

"I'm not reliant on any one specific attorney in any area I need assistance," said Utz general counsel Theresa Shea. "If someone were to retire, my primary billing contact might change, but my overall relationship with the firm would not."
5 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

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