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7 Feb 2023, 6:30 am
Vice Chancellor Laster announced that “[t]his decision clarifies that corporate officers owe a duty of oversight[,]” rejecting Defendant’s contention that Delaware law does not impose obligations on corporate officers that are comparable to the duty of oversight articulated for directors in In re Caremark International Inc. [read post]
7 Feb 2023, 6:30 am
Vice Chancellor Laster announced that “[t]his decision clarifies that corporate officers owe a duty of oversight[,]” rejecting Defendant’s contention that Delaware law does not impose obligations on corporate officers that are comparable to the duty of oversight articulated for directors in In re Caremark International Inc. [read post]
3 Feb 2023, 4:49 am by Emma Snell
U.S. officials are worried that Kenya might bring a state-owned Chinese construction company into a U.S. special-operations base if the Pentagon opts out of the proposed project, which could cost roughly $50,000. [read post]
1 Feb 2023, 9:05 pm by renholding
  Most notably, the IPO market for tech companies (and generally) ground to an almost complete halt, with the number of tech companies raising at least $1 billion in their IPOs falling from twelve in 2021 to zero in 2022 and major anticipated IPOs, such as those of Instacart and WeTransfer, shelved for the foreseeable future. [read post]
1 Feb 2023, 9:01 pm by renholding
We saw this, for example, in the 2008 financial crisis, and have many recent examples of the continued phenomenon with companies such as FTX, Theranos, and WeWork. [read post]
29 Jan 2023, 9:01 pm by News Desk
Warning letters often are not issued until a company has been given months to years to correct problems. [read post]
While Congress receives input from stakeholders, there is often a cost to frame their political positions. [read post]
13 Jan 2023, 3:00 am by Jim Sedor
Now those allies are a hot commodity among corporate clients eager to make inroads with McCarthy, who is in lockstep with corporate America on economic policy but has chastised major companies for wading into social and political issues. [read post]
11 Jan 2023, 9:51 am by Karina Lytvynska
Launched in 2018, Lensa is a product of Prisma Labs — a company based in Sunnyvale, California that recently topped the iOS app store’s free chart. [read post]
9 Jan 2023, 8:25 am by Unknown
Nelson, J.D.Shareholders of CleanSpark, Inc. adequately pleaded violations of the federal securities laws against the company in a putative class action suit alleging the company hid details of its business model change from the alternative energy and software markets to Bitcoin mining through the acquisition of a data center company that once was an asset of another company that went bankrupt. [read post]
9 Jan 2023, 4:38 am by Franklin C. McRoberts
The Court framed the issue as follows: This case involves an examination of the breadth, and the limits, of the Court’s equitable power under DRL § 234 to issue preliminary injunctive relief to protect martial assets subject to equitable distribution. [read post]
6 Jan 2023, 3:56 am by Andrew Lavoott Bluestone
Albert alleges that he reminded defendants that he was busy operating the company and was relying on defendants’ assurances when he executed the documents (id., ,r,r 22-24). [read post]