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Daily Business Review

Developer of Calder Race Course Site Named in Lawsuit

South Florida developer David C. Metalonis has sued EastGroup Properties, the developer who bought a Miami Gardens tract with plans for warehouse space and commerce center.
8 minute read

Corporate Counsel

FactSet GC: GDPR, Other Global Regs Pose Tough Challenges at Home

It's the international regulations that pose the big challenges for FactSet's Rachel Stern.
8 minute read

The Legal Intelligencer

Sovereign Immunity in Bankruptcy Cases: Can a Trustee Sue the State?

Typically, a state governmental entity is immune from suit unless the state explicitly waives its own sovereign immunity with respect to a particular claim or issue.
12 minute read

New York Law Journal

Financial Services Chief Vullo Discusses NY's Role in National Cybersecurity Regs

The Department of Financial Services Superintendent Maria Vullo discusses the National Association of Insurance Commissioners' decision to adopt New York's cybersecurity regulations as its model law for adoption by its members, which include all 50 states' insurance commissioners.
6 minute read

Delaware Business Court Insider

Delaware Courts Uphold Strict Limitations on Liability For Oversight Claims

It is an all-too familiar accusation to many directors: If only you had done something more, the corporation could have avoided an injury or loss. Since the mid-1990s, Delaware courts have repeatedly recognized that attempting to pin personal liability on directors for their alleged inaction is “possibly the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment,” as in In re Caremark International Derivative Litigation, 698 A.2d 959, 967 (Del. Ch. 1996).
20 minute read

Delaware Business Court Insider

Be Careful What You Ask For in a Section 225 Case

Delaware recognizes the need to promptly resolve disputes over the composition of the board of directors of a Delaware corporation.
5 minute read

Connecticut Law Tribune

Former Investment Partner Awarded Millions for Breach of Contract

A six-person jury last week found that William Lomas' former business partners breached a contract with him when he gave notice to leave the firm. He has been awarded $4.1 million
3 minute read

Daily Business Review

Florida Suing Drug Company Over Stock Losses

Acting on its own, Florida will take on an international pharmaceutical company, alleging the state's pension fund lost more than $62 million in stock…
13 minute read

Daily Business Review

Is Iconic Lincoln Road Losing Steam? Retail Market Metrics Say Yes

The retail vacancy rate on Lincoln Road is high and net absorption is in the negative. But it's not all bad news for the iconic 10-block stretch, retail market experts say.
5 minute read

Delaware Business Court Insider

Bankruptcy Court Affirms Authority to Approve Nonconsensual Third-Party Releases

In a significant decision in a closely watched case, Bankruptcy Judge Laurie Selber Silverstein held in In re Millennium Lab Holdings II, Case No. 15-12284 (LSS) (Del. Bankr. Oct. 3, 2017), that the bankruptcy court had constitutional adjudicatory authority to approve the nonconsensual release of nondebtor, direct nonbankruptcy common law claims against third parties as part of a confirmation order.
7 minute read

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