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12 Feb 2024, 6:07 am by Kevin LaCroix
  Just like the cases alleging overpayments to TIAA and Fidelity in the retirement space, this lawsuit is claiming that J&J fiduciaries must pay for alleged excessive overpayments or markups to the pharmacy benefit manager (PBM) for specialty generic drugs. [read post]
27 Jun 2023, 9:01 pm by renholding
Already, some asset managers have expressed concern that the influx of shareholder proposals are not resulting in a corresponding increase in enterprise value.[28] Instead, these asset managers noted the proposals’ high level of prescriptiveness, lack of connection to material risks or long-term value, and decreased overall quality.[29] Thus, it is not surprising that the average percentage of votes cast “for” proposals declined from 36% in 2021… [read post]
16 May 2023, 8:21 am by Unknown
For example, in the securities law context, a Second Circuit panel upheld the SEC’s Regulation Best Interest, but only after finding that a private plaintiff—not the state plaintiffs—had Article III standing (See, XY Planning Network, LLC v. [read post]
13 Feb 2023, 5:59 am by Kevin LaCroix
Under the LLC Act, a person who participates materially in the management of the limited liability company, irrespective of whether the governing LLC agreement formally names such person(s) as a manager, constitutes an acting manager. [read post]
28 Jan 2023, 7:32 am
    Over the past few years, massive asset managers and financial institutions have increasingly focused on prioritizing ESG factors when making key investment decisions. [read post]
1 Dec 2022, 6:01 pm
Yes, provided that such goods and services are for certain activities related to the operation and management of Chevron’s joint ventures in Venezuela, as specified in GL 41. [read post]
28 Aug 2022, 12:27 pm by Gene Takagi
Younger persons have been using LLCs, donor advised funds (DAFs), and for-profit social enterprises to make a social impact. [read post]
28 Jan 2022, 3:59 am by Andrew Lavoott Bluestone
  Here are the facts: “n 2009, the plaintiffs’ decedent, Charles Robert Allen III (hereinafter Allen) through his son Luke Allen, as guardian for the property management of his father, commenced an action in federal district court against Christopher Devine, alleging, inter alia, that Devine fraudulently induced Allen to invest $70 million in a certain broadcast company and that Devine diverted such sum for his own personal use (hereinafter the Devine action). [read post]
27 Nov 2021, 6:26 am by Joel R. Brandes
The parties have not elected to opt[ ] out of subparagraphs (II) or (III). [read post]
22 Nov 2021, 4:35 am by Peter Mahler
The subject company in the lawsuit is Island Management, LLC, a manager-managed Connecticut LLC co-owned equally by the six trusts and created to oversee and build the family’s assets held by a separate family-owned holding company. [read post]
15 Nov 2021, 4:26 am by Peter Mahler
Similarly, Kinyk offers no argument specifically addressing a summary winding up of [the LLC] (see LLCL § 703) and, more importantly, the provisions of [LLCL § 704] concerning distribution of [the LLC’s] assets. [read post]
6 Sep 2021, 5:21 am by Vercammen Law
The impression conveyed by all of the testimony and documents admitted into evidence to this [c]ourt is that Ms. [read post]
22 Feb 2021, 4:11 am by Peter Mahler
The petition proposed dividing the Foundation’s assets ratably between successor foundations designated by each of the sisters. [read post]
16 Jan 2021, 10:57 pm by Mahmoud Khatib
Finally, Part III provides recommendations for supply chain’s use of letters of intent. [read post]