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Delaware Law Weekly

Report: Delaware Forum Selection Bylaws 'Spreading Like Wildfire' in Energy Sector

Among the trends the report highlighted is a growing use of proxy access for voting and the inclusion of "intent to serve" language in amendments to company bylaws
4 minute read

Texas Lawyer

Deal Wrap: Activity in Shales Keep Lawyers Busy

Several of the big Texas deals announced in September involve companies operating in the Permian Basin and other shales.
5 minute read

Delaware Business Court Insider

Third Circuit Affirms Reversal of $275M Break-Up Fee in Del. Bankruptcy Case

The U.S. Court of Appeals for the Third Circuit on Thursday upheld a Delaware Bankruptcy Court's decision to block a Florida-based energy company from collecting a $275 million merger termination fee against the bankruptcy estates of Energy Future Holdings Corp. and a subsidiary.
4 minute read

Daily Business Review

FPL Parent Loses Out on $275M Merger Breakup Fee in Bankruptcy

A federal appeals court in a split decision rules the owner of Florida's largest public utility can't collect the negotiated termination fee.
4 minute read

The Legal Intelligencer

Appeals Court Upholds $1.1M Civil Penalty Against Driller Over Contamination

Natural gas producer EQT had sought to refute the findings of the state Department of Environmental Protection's expert hydrogeologist that there were daily releases of contaminated wastewater into the groundwater from one of the company's impoundments.
4 minute read

Litigation Daily

In Malpractice Suit, Wachtell Blasts New Claims as 'Futile'

As it continues to duel with Carl Icahn-controlled CVR Energy, Wachtell argues its own initial engagement letter with former client CVR was "a mere agreement to agree" and thus not enforceable.
4 minute read

Daily Business Review

Coral Gables, Miami Mansions Face Forfeiture in $1.2B Venezuela Money-Laundering Scheme

Federal authorities want to seize two mansions in Coral Gables' ritzy Cocoplum neighborhood, a Miami estate and possibly one of the high-end units the Porsche Design Tower as part of an investigation into an alleged $1.2 billion embezzlement scheme targeting Venezuela's state-owned oil company.
4 minute read

Daily Business Review

West Palm's Oxbow Sued for Records of Founder's Payments to Mintz Levin

Minority investors in Oxbow Carbon claim as much as $50 million went to Mintz Levin in three years.
3 minute read

Delaware Business Court Insider

Oxbow Sued for Records of Koch's Payments to Mintz Levin

Minority investors in Oxbow Carbon, fresh off a major Delaware Court of Chancery victory, are now investigating up to $50 million in payments Oxbow made to founder and CEO William Koch's attorneys at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.
3 minute read

New Jersey Law Journal

Pay Improves, Gender Diversity Steady Among Top Lawyers at NJ Public Companies

According to data on fiscal 2017 culled from federal securities filings, average salary among 20 general counsel for publicly held companies based in the state was $448,945.
8 minute read

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