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Daily Business Review

'The Devil Is in the Details' When Negotiating a Profit Participation Arrangement

The Florida Marlins recently made news when a profit-sharing deal with Miami-Dade County resulted in zero profits to the county, even though Jeffrey Loria sold his baseball team for about $1 billion more than what he paid for in 2002.
5 minute read

Delaware Business Court Insider

Chancery Addresses Subrogation Rights in the Context of Claims for Indemnification

In Meyers v. Quiz-Dia, Vice Chancellor J. Travis Laster addressed the question of whether a party that paid the legal fees and expenses of persons entitled to indemnification could be subrogated to their rights to recover losses incurred in defending against claims filed against them.
7 minute read

New York Law Journal

Defeat of Embraer Class Action Highlights the Uphill Path in Securities Suits

On each point raised by the plaintiffs, U.S. District Judge Richard Berman cited recent case law that showed the challenges facing litigants in class action securities cases.
5 minute read

The Legal Intelligencer

Patentability of Blockchain and Distributed Ledger Technology

Decentralized data structure management technology (DDSM), such as blockchain and distributed ledger technology, is grabbing ever-increasing attention as a result of its potential to revolutionize the way we conduct business, run our governments and go about daily life.
9 minute read

New York Law Journal

Barclays Settles Subprime Mortgage Suit for $2B

The government alleges the borrowers who took out the loans were less creditworthy than Barclays led investors and rating agencies to believe, and that more than half of the loans defaulted.
2 minute read

The American Lawyer

Ex-Kirkland Partner Robert Khuzami Banked $11M Partnership Share

The former head of the SEC's enforcement division is now serving as deputy U.S. attorney in the Southern District of New York.
5 minute read

National Law Journal

How to Deal With the SEC's Cryptocurrency Blitz

Mayer Brown's Matthew Rossi, co-leader of the firm's securities litigation and enforcement practice in Washington, D.C., talks about how to respond to an SEC subpoena connected to its probe of initial coin offerings and SAFTs.
4 minute read

Delaware Business Court Insider

Boards of Directors May Be Required to Disclose Reasons Behind a Director's Vote Abstention

In a recent decision by the Delaware Supreme Court, Appel v. Berkman, the court held that a board's failure to include information about the chairman of the board's reasons for abstaining on the vote rendered the proxy statement materially misleading.
6 minute read

New York Law Journal

Chinese Broker Loses Dismissal of Comcast-DreamWorks Animation Deal Insider Trading Charges

Shaohua "Michael" Yin directed a scheme that generated more than $29 million in profits off of nonpublic information about the upcoming media deal, the SEC has alleged.
2 minute read

The Legal Intelligencer

$40M From Pharma Inventor's Licensing Contracts Is Taxable as Income, Not Capital Gain

Millions of dollars a pharmaceutical inventor received under a technology license agreement should be treated as ordinary income, rather than capital gains, for tax purposes, a split federal appeals panel has ruled.
3 minute read

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