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23 Mar 2023, 12:55 pm by Kevin LaCroix
” However, in series of cases following the Delaware Supreme Court’s 2019 decision in Marchand v. [read post]
7 Mar 2023, 2:01 pm by Kevin LaCroix
In December 2018, the directors learned that the company’s Global Chief People Officer, David Fairhurst, had allegedly engaged in an act of sexual harassment, the investigation of which uncovered that in 2016 the same individual had engaged in a prior incident of sexual harassment. [read post]
13 Feb 2023, 5:59 am by Kevin LaCroix
[v] The court also considered Delaware’s strong interest in providing a forum for disputes regarding the internal affairs of LLCs formed under its laws. [read post]
7 Feb 2023, 2:13 pm by Alejandro Moreno and Eugene Choi
Jan. 26, 2023), the Delaware Court of Chancery (Laster, V.C.) held that officers of a Delaware corporation are subject to a fiduciary duty of oversight as articulated in In re Caremark International Inc. [read post]
26 Jan 2023, 11:29 am by Kevin LaCroix
Background From 2015 through his termination for cause in 2019, David Fairhurst served as Executive Vice President and Global Chief People Office of McDonald’s. [read post]
18 Aug 2018, 9:27 pm by HowardGutman
— A person may not advertise for sale merchandise, commodities, or service through an advertisement describing the merchandise, commodities, or service: (1) As part of a plan or scheme with the intent not to sell the merchandise, commodity, or service at the advertised price; or (2) With the intent not to sell the merchandise, commodity, or service.Typical Cases  Laster v. [read post]
19 Jun 2017, 3:34 am by Peter Mahler
If we substitute vodka for bourbon, the following advice offered by Vice Chancellor Laster to the parties in Gerlanc applies with equal force in the Simon case: And maybe what people ought to do is say, “Wow, there’s mutual risk here, and what we really want to do is make good [vodka]. [read post]
19 Jun 2017, 3:34 am by Peter Mahler
If we substitute vodka for bourbon, the following advice offered by Vice Chancellor Laster to the parties in Gerlanc applies with equal force in the Simon case: And maybe what people ought to do is say, “Wow, there’s mutual risk here, and what we really want to do is make good [vodka]. [read post]
22 May 2017, 3:28 am by Peter Mahler
VC Laster’s Transcript Ruling in Gerlanc v Beatrice A recent transcript ruling by Vice Chancellor Travis Laster of the Delaware Court of Chancery in Gerlanc v Beatrice, CA No. 2017-0211-JTL (Mar. 23, 2017), reaches the opposite result on similar facts due to key differences in Delaware’s LLC Act. [read post]
22 May 2017, 3:28 am by Peter Mahler
VC Laster’s Transcript Ruling in Gerlanc v Beatrice A recent transcript ruling by Vice Chancellor Travis Laster of the Delaware Court of Chancery in Gerlanc v Beatrice, CA No. 2017-0211-JTL (Mar. 23, 2017), reaches the opposite result on similar facts due to key differences in Delaware’s LLC Act. [read post]
16 Mar 2017, 3:00 am by John Jenkins
Whistleblowers: 9th Circuit Says Dodd-Frank Protects Internal Reporters This Perkins Coie memo reviews the 9th Circuit’s recent decision in Somers v. [read post]
14 Jun 2016, 1:33 pm by William Foley
”  Indeed, Justice Valihura noted that Vice Chancellor Laster, in an immediate post-trial reaction, stated that “the credibility of the people on the [B]oard” was “very, very strong. [read post]