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Litigation Daily

Derivative Lawsuit in Delaware Targets Zuckerberg, Facebook Brass Over Privacy Breaches

The 193-page filing said that Mark Zuckerberg, Sheryl Sandberg, Peter Thiel and three other board members had presided over "one of the worst examples of privacy abuse in the age of social media" and committed "pervasive breaches" of their fiduciary duties in the name of short-term profits.
4 minute read

Delaware Business Court Insider

Derivative Lawsuit Targets Zuckerberg, Facebook Brass Over Privacy Breaches

The 193-page filing said that Mark Zuckerberg, Sheryl Sandberg, Peter Thiel and three other board members had presided over "one of the worst examples of privacy abuse in the age of social media" and committed "pervasive breaches" of their fiduciary duties in the name of short-term profits.
4 minute read

The Legal Intelligencer

Blowing the Whistle: A Primer on the False Claims Act (Part 1)

This article is the first in a series of four primers on the key legal regimes incentivizing and protecting whistleblowers who report fraud: the False Claims Act (FCA) and the Securities Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and Internal Revenue Service (IRS) whistleblower programs
7 minute read

Delaware Business Court Insider

'Substantive Economic Negotiations'—The Witching Hour for 'MFW' Conditions

Most readers of this publication will likely be familiar with the MFW conditions announced by the Delaware Supreme Court in 2014, and which, when present, alter the standard of review of transactions between a Delaware corporation and a controller from the traditional—and onerous—entire fairness standard of review to the application of the business judgment rule.
5 minute read

New York Law Journal

Arbitrator Slaps Ex-Apollo Global Employees' Use of Confidential Information, but Blocks Bid for $300M in Damages

The strongly worded ruling from JAMS arbitrator Mark E. Segall found that Imran Siddiqui, a former managing director at Apollo, had breached a prior settlement agreement with the company and improperly recruited his associate, Ming Dang, to aid him in starting Caldera Holdings LLC.
5 minute read

Corporate Counsel

Applying Technology to Legal Matters to Support the Goals of In-House Counsel

Today's legal technology landscape might best be described like as an engineer might consider a complex math equation. It's fun, expansive, intricate and overwhelming all at the same time. Certainly, it has fundamentally changed how we view risk management and altered the way most legal professionals work.
9 minute read

Delaware Business Court Insider

Chancery Court Grants 'Mulligan' to Plaintiffs in Lawsuit Accusing KPMG of Negligent Misrepresentation

Vice Chancellor Morgan T. Zurn on Thursday allowed Otto Candies and other plaintiffs to file a new complaint despite their failure to comply with a court rule governing amended complaints in the case, which accuses KPMG of failing to detect a massive financial fraud by Citigroup Inc. and a KPMG client in Latin America.
4 minute read

Litigation Daily

Delaware Court Grants 'Mulligan' to Plaintiffs in Lawsuit Accusing KPMG of Negligent Misrepresentation

Vice Chancellor Morgan T. Zurn on Thursday allowed Otto Candies and other plaintiffs to file a new complaint despite their failure to comply with a court rule governing amended complaints in the case, which accuses KPMG of failing to detect a massive financial fraud by Citigroup Inc. and a KPMG client in Latin America.
4 minute read

Delaware Business Court Insider

Portion of Ex-Director's Claims Against Company Founder Avoids Laches Dismissal

A Delaware Chancery Court judge Thursday allowed the former director of a Delaware health information company to pursue claims that the firm's founder had cheated him out of stock options he was promised for joining the board in 2005.
4 minute read

Delaware Business Court Insider

US Judge Transfers Lord & Taylor Data Breach Lawsuit From Delaware to Manhattan Federal Court

U.S. District Judge Maryellen Noreika granted Lord & Taylor's request to transfer the suit to the U.S. District Court for the Southern District of New York, which is home to the high-end retailer's corporate headquarters and all of its corporate records.
5 minute read

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