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5 Dec 2022, 9:16 am by Kevin LaCroix
  Second, and an important corollary of the first point, as expressed in a December 2, 2022 memo from the Maples Group law firm (here), “regardless of the level of experience, directors must be sufficiently informed of the company’s operations and business in order to discharge their legal duties. [read post]
24 Aug 2011, 8:22 pm
People who are eligible for various government benefits want to maximize the amount of money they receive. [read post]
On February 14, 2017, health insurance company Humana announced that it will pull out of the ACA exchanges in 2018. [read post]
10 Nov 2015, 4:28 pm by Kevin LaCroix
” The board of directors is not per se required “to conduct a pre-signing active solicitation process” in order to satisfy its Revlon duties. [read post]
26 Mar 2010, 1:11 pm by Kim Zetter
District Judge Douglas Woodlock ordered the documents unsealed, paving the way for the companies to be identified. [read post]
19 Apr 2015, 4:49 pm by Kevin LaCroix
”     The SEC imposed a cease and desist order on KBR as well as a civil money penalty of $130,000. [read post]
23 Dec 2020, 11:26 am by Matt Gluck
One former Google researcher, Timnit Gebru, claims she was fired after questioning a company order not to publish research findings that claimed AI that mimics speech could discriminate against marginalized groups. [read post]
18 Nov 2010, 1:18 pm by David Jacobson
This was evidenced by a letter from one of Fila’s competitors and a memo from the Managing Director of Fila. [read post]
22 Dec 2012, 8:00 pm by Jacob Sapochnick
The options are limited, if your country is part of a US Investment treaty, one can apply for the E2 visa and start a small company by investing some money. [read post]
22 Feb 2010, 4:45 pm
The company not only learns an economic lesson, but that then serves as an example to others in its industry to follow the law and do what's right so they don't suffer a similar economic loss.It also serves to punish corporations that cut corners in order to compete unfairly in the marketplace. [read post]
8 Nov 2007, 4:37 pm
Legal Week reports today, November 8, 2007 in Wal-Mart memo slams associate pay-hikes, an article by Michelle Madsen that:"Wal-Mart has demanded a freeze on across-the-board rate-increases from its US outside counsel, claiming that associate salary-hikes have had an unacceptable impact on law firm billing rates.A memo sent out last week by the retail giant to the relationship partners at its network of outside counsel said that while the salaries firms chose to pay junior… [read post]
23 May 2022, 10:57 am by Kevin LaCroix
In effect, it is worth it to the defendant company to pay the plaintiffs’ “go away” money, as incurring costs fighting the fee request would be good money after bad. [read post]
26 Apr 2021, 3:00 am by John Jenkins
The bankruptcy process launched a bidding war, and now the equity’s in the money. [read post]
2 Oct 2020, 4:50 am by Matthew L.M. Fletcher
.): 6 Complaint 39 Motion to Dismiss 42 Opposition 45 Reply 55 DCT Order Details on the scheme from the order: II. [read post]
29 Sep 2020, 3:29 pm by Kevin LaCroix
” The kinds of allegations to be included to establish that the transactions at issue were domestic include “facts concerning the formation of the contracts, the placement of the purchase orders, the passing of title, [and] the exchange of money. [read post]
9 Jul 2008, 4:08 am
Iraq claims that the defendants violated RICO, as well as other fraud and money laundering statutes. [read post]