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Delaware Business Court Insider

Chancery Declines to Stay Action in Derivative Lawsuit Involving Special Litigation Committee

After the filing of a derivative lawsuit, it is common for the board of the company at issue to form a special litigation committee that will move to stay the action while it evaluates whether to pursue the derivative claims. More often than not, the Delaware Court of Chancery will grant that motion.
6 minute read

Corporate Counsel

A Guide for GCs Investigating Suspected Economic Sanctions and Export Control Violations

When a company discovers that it may have committed a violation of economic sanctions or export control (ES/EC) laws, it needs to react swiftly and methodically.
6 minute read

Daily Report Online

Federal Prosecutors' Message to White-Collar Defense Lawyers: Don't Wait to Call Us

Federal prosecutors in Georgia and Alabama told a group of defense lawyers that their clients should call the feds when something smells funny, because "it's not going to get better."
6 minute read

The American Lawyer

Weil Gotshal Creates Tie-Up With Columbia Business School for Its Associates

The program was created so associates can learn key business concepts, which will teach them to be more efficient and help them grasp clients' needs.
3 minute read

The Legal Intelligencer

Does Section 2 of the Sherman Antitrust Act Need More Bite?

Last month, they introduced the Monopolization Deterrence Act, which would allow the Justice Department and the Federal Trade Commission to seek civil penalties for monopolization offenses under U.S. antitrust law.
8 minute read

Delaware Business Court Insider

Chancery Dismisses Derivative and Direct Claims Claims Upon Finding Shareholder Plaintiffs Sold Shares Without Preserving Rights to Continue to Assert Direct Claims

It is well-settled in Delaware that a stockholder seeking to pursue derivative claims must own shares at the time of the wrong and continuously through the life of any litigation. Similarly, direct claims based on injury to the shares generally pass to a b
5 minute read

Corporate Counsel

What Businesses Can Be Doing Now to Prepare for the CCPA

For many businesses, this is the first time that they will have to comply with an over-arching privacy law, which has made the process of complying with the CCPA difficult.
6 minute read

Delaware Business Court Insider

Court: Liability Limitation Is Ambiguous Where Its Application Would Lead to Absurd Result

Judge Calvin Scott denied a motion for judgment on the pleadings on the grounds that the defendant's proffered interpretation of a liability limitation provision in a master service agreement was unreasonable.
5 minute read

Corporate Counsel

Make the Best of What You've Got: #BringBackBoring in Legal Tech

In his headline speaker slot at this year's Legal Geek North America in New York, Legal Mosaic CEO Mark Cohen declared the event "Woodstock for legal." Having attended the era-defining festival in 1969, Cohen insisted that Legal Geek was revolutionary in its own way.
4 minute read

Corporate Counsel

Why Collaboration Is the Key to Contract Management Success

Contract lifecycle management (CLM) tools have provided some relief to the cumbersome and resource-intensive contract management process.
5 minute read

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