Search for: "CBS Corporation of Delaware"
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23 Jan 2024, 9:01 pm
Cardinal Health The $109 million settlement with Cardinal Health resolves allegations concerning the acquisition and integration of Cordis Corporation from Johnson & Johnson for $1.9 billion in 2015. [read post]
2 Jan 2024, 12:56 pm
The directors’ and officers’ liability environment is always changing, but 2023 was a particularly eventful year, with important consequences for the D&O insurance marketplace. [read post]
2 Oct 2023, 10:41 am
In particular, activists seeking change or institutional investors pursuing corporate social responsibility agendas have increasingly turned to derivative actions. [read post]
11 Sep 2023, 6:00 am
Defendants' theory was that the merger litigation initiated in 2019 arose from interrelated prior wrongful acts starting in 2016 when the plaintiffs were involved in a battle for corporate control, which were the subject. [read post]
4 Sep 2023, 5:44 am
Every year after Labor Day, I take a step back to survey the most important current trends and developments in the world of Directors’ and Officers’ liability and insurance. [read post]
15 Aug 2023, 10:46 am
On the one hand, he said, the merger of CBS and Viacom may be, as the Bump-Up Provision says, “an acquisition of all or substantially all of the ownership interest in, or assets of, an entity,” because as a result of the transaction all assets of Viacom vested in CBS and CBS was the surviving corporation. [read post]
9 Aug 2023, 10:26 am
Travis Laster of the Delaware Chancery Court issued a lengthy opinion in In Re McDonald’s Corporation Stockholder Derivative Litigation, C.A. [read post]
23 Jun 2023, 9:07 am
CBS News: The state of Delaware is famously business-friendly. [read post]
26 Apr 2023, 9:53 am
The CBS Shareholder Derivative Lawsuit and its Settlement The plaintiff CBS shareholders filed a lawsuit in the Delaware Chancery Court against certain NAI parties, as well as certain directors and officers of CBS. [read post]
14 Apr 2023, 6:30 am
Paramount Global Settles CBS – Viacom Merger Lawsuit for $122.5 Million Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, April 7, 2023 Tags: Controlling shareholders, Delaware Court of Chancery, Governance standards, Mergers & acquisitions, SEC enforcement, Settlements Chancery Court Provides Roadmap for Retroactive Validation of Shareholder Votes Posted by Perrie Weiner, Aaron Goodman, and Paul Chander, Baker McKenzie, on Saturday, April… [read post]
14 Apr 2023, 6:30 am
Paramount Global Settles CBS – Viacom Merger Lawsuit for $122.5 Million Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, April 7, 2023 Tags: Controlling shareholders, Delaware Court of Chancery, Governance standards, Mergers & acquisitions, SEC enforcement, Settlements Chancery Court Provides Roadmap for Retroactive Validation of Shareholder Votes Posted by Perrie Weiner, Aaron Goodman, and Paul Chander, Baker McKenzie, on Saturday, April… [read post]
5 Apr 2023, 10:11 am
District Court in Delaware. [read post]
29 Mar 2023, 6:41 am
It’d be a shame if something happened to her mom” (60 Minutes; CBS). [read post]
27 Mar 2023, 9:01 pm
We review a number of significant developments in Delaware corporate law, including the Court of Chancery’s clarification of directors’ oversight duties, and the Delaware General Assembly’s expansion of Section 102(b)(7) of the Delaware General Corporation Law to include exculpation of officers for personal liability arising from breaches of the duty of care. [read post]
28 Oct 2022, 4:00 am
National/Federal Bannon Gets 4 Months Jail Term for Defying Jan. 6 Committee Subpoena Yahoo News – Kyle Cheney and Josh Gerstein (Politico) | Published: 10/21/2022 A judge sentenced longtime Donald Trump adviser Steve Bannon to four months in jail for defying a subpoena from lawmakers investigating the attack on the Capitol by a pro-Trump mob. [read post]
24 Oct 2022, 4:00 am
Secrets About Iran and China” by Devlin Barrett (Washington Post) for MSN National: “Bannon Gets 4 Months Jail Term for Defying Jan. 6 Committee Subpoena” by Kyle Cheney and Josh Gerstein (Politico) for Yahoo News California: “Ethics Reform Proposal Stalled Amid Endless Negotiations Between City, Union” by Adam Shanks for San Francisco Examiner Colorado: “Colorado Attorney General Phil Weiser Attends Lavish Event in Hawaii Paid for by Corporations… [read post]
14 Mar 2022, 1:59 pm
As I noted in a prior post (here), Delaware’s legislature recently enacted a new legislation to permit Delaware corporations to put captive insurance in place as an alternative to traditional D&O insurance. [read post]
18 May 2021, 4:02 pm
No. 12579-CB (Del. 2017) [ix] Tornetta v. [read post]
4 Mar 2021, 6:00 am
Jan. 27, 2021) This decision is one of several by the Delaware Court of Chancery arising out of efforts to merge CBS Corporation and Viacom by the companies’ controlling stockholder—National Amusements, Inc., controlled by Shari Redstone. [read post]
22 Jan 2021, 6:00 am
Redstone indirectly controls both Viacom and CBS Corporation (“CBS”). [read post]
