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15 Apr 2024, 6:00 pm by Josh Blackman
The article begins with this opening line:  "The US Justice Department's choice of New Jersey to file its landmark antitrust lawsuit against Apple Inc. was likely motivated by driving any future appeals to a circuit court relatively open to cracking down on monopoly power. [read post]
11 Mar 2024, 9:00 am by Christine Bontuyan
This is the amount to be paid to Kilwins Chocolates Franchise, Inc. [read post]
3 Mar 2024, 9:01 pm by renholding
On February 20, the Delaware Court of Chancery refused to enjoin the conversion of a Delaware corporation, TripAdvisor, Inc. [read post]
21 Feb 2024, 6:30 am
The Court found that the defendants—Musk, Tesla, Inc. and six individual directors—failed to meet their burden to prove that the Grant was “entirely fair,” the standard under Delaware law that the Court applied in light of the Court’s determination that Musk held controlling stockholder status with respect to the Grant. [read post]
21 Feb 2024, 6:30 am
The Court found that the defendants—Musk, Tesla, Inc. and six individual directors—failed to meet their burden to prove that the Grant was “entirely fair,” the standard under Delaware law that the Court applied in light of the Court’s determination that Musk held controlling stockholder status with respect to the Grant. [read post]
9 Feb 2024, 6:30 am
Skinner, Ropes & Gray LLP, on Monday, February 5, 2024 Tags: Activism, anti-ESG, ESG, ESG investing, ExxonMobil, GHG, proxy statements, SEC 2024 Proxy Season Considerations: Officer Exculpation for Delaware Corporations Posted by Andrew Allen, Karen Dempsey, and Bobby Bee, Orrick Herrington & Sutcliffe LLP, on Tuesday, February 6, 2024 Tags: delaware, Delaware Supreme Court, Duty of care, Fiduciary duties, officer exculpation, officers, Proxy season, S&P… [read post]
9 Feb 2024, 6:30 am
Skinner, Ropes & Gray LLP, on Monday, February 5, 2024 Tags: Activism, anti-ESG, ESG, ESG investing, ExxonMobil, GHG, proxy statements, SEC 2024 Proxy Season Considerations: Officer Exculpation for Delaware Corporations Posted by Andrew Allen, Karen Dempsey, and Bobby Bee, Orrick Herrington & Sutcliffe LLP, on Tuesday, February 6, 2024 Tags: delaware, Delaware Supreme Court, Duty of care, Fiduciary duties, officer exculpation, officers, Proxy season, S&P… [read post]
25 Jan 2024, 9:05 pm by renholding
The ongoing controversy surrounding the artificial intelligence company OpenAI, Inc. [read post]
22 Jan 2024, 3:32 am by Peter J. Sluka
  Fifteen years later, in 2021, the Delaware Supreme Court overruled Gentile in Brookfield Asset Mgt., Inc. v Rosson, 261 A3d 1251, 1280 [Del 2021], holding that a dilution claim stemming from the corporate entity receiving less than full value for the issuance of new shares is exclusively derivative. [read post]
2 Jan 2024, 12:56 pm by Kevin LaCroix
  I have set out below the Top Ten D&O Stories of 2023, with a focus on future implications. [read post]
18 Dec 2023, 2:48 pm by CFM Admin
  On November 20, 2023, the Securities and Exchange Commission (“SEC”) charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. [read post]