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By Randy Evans and Shari Klevens | July 26, 2017
As law firms grapple with new economic realities, it is becoming more common for firms to ask individual or groups of partners to leave in an effort to shore up the firm's finances. Not only can this decision be extremely difficult considering the firm's personal relationships with those partners, it can also involve ethical and financial risks for the firm and for the departing partner.
1 minute read
Delaware Business Court Insider
By James G. McMillan III | July 26, 2017
In a case of first impression, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery ruled that Section 204 of the Delaware General Corporation Law cannot be used to validate an "unauthorized" corporate act.
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Delaware Business Court Insider
By Lewis H. Lazarus | July 26, 2017
Companies often defend against stockholder requests to inspect books and records by contending that the plaintiff stockholder lacks a proper purpose or that his or her stated purpose is not the real purpose.
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By John Sharpe and Greg Amoroso | July 26, 2017
Texting is the new email dilemma. When email first emerged as a common method of business communication, regulators demanded that firms monitor and retain emails as part of their supervisory responsibilities and, in response, firms developed policies and protocols governing email usage. Naturally, emails had a significant impact on litigation and regulatory proceedings and, more specifically, made both processes more costly and time consuming.
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By Commentary by Richard Montes de Oca and Steven Neuman | July 25, 2017
In June, the Trump administration announced its new Cuba policy, which was presented as a cancellation of the Obama administration's agreement to normalize U.S. relations with "the island." This new policy tightens restrictions on U.S. persons who wish to travel to Cuba and limits the ability of U.S. businesses to engage in commerce with GAESA (Grupo de Administración Empresarial S.A.), the Cuban military's business and commerce division, write Richard Montes de Oca and Steven Neuman.
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By Rebecca Cohen | July 25, 2017
Baker Botts has recruited environmental partner Christopher Carr in San Francisco from Morrison & Foerster, where he was chair of the latter's environment and energy group and co-chair of the firm's unmanned aerial systems and drone group.
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By Terry R. Bossert | July 25, 2017
On June 20, the Pennsylvania Supreme Court issued a significant and potentially far-reaching opinion in Pennsylvania Environmental Defense Foundation (PEDF) v. Commonwealth of Pennsylvania, 2017 Pa. LEXIS 1393, No. 10 MAP 2015 (June 20, 2017).
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By Andrew S. Levine and Catherine M. Ward | July 25, 2017
The Trump administration's proposed budget cut of approximately 25 percent of the Environmental Protection Agency's enforcement budget ($129 million) is consistent with candidate Trump's platform targeting the EPA for failing to appropriately favor crucial business interests against what he perceives as environmentalists hell-bent on the dismantlement of the U.S. industrial base.
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By Steven M. Taber | July 25, 2017
On March 28, President Donald Trump signed the presidential executive order on Promoting Energy Independence and Economic Growth. This executive order hopes to be the catalyst to "unleash America's $50 trillion in untapped shale, oil and natural gas reserves, plus hundreds of years in clean coal reserves." And by doing so, it aims to make the United States the global leader in fossil-fuel production and achieve not just "energy independence," but "energy dominance"—a phrase that was front and center during the Trump administration's (June 26–30, 2017), "Energy Week."
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By Scott Flaherty | July 25, 2017
Kerrie Campbell, who was ousted from Chadbourne & Parke's partnership amid a lawsuit alleging the firm discriminated against female partners, has opened her own legal outfit, according to Washington, D.C., bar records.
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The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Description: Fox Rothschild LLP has an opening in the Los Angeles, CA office for an associate in our Labor & Employment Department. The ...
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