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In November 2022, FTX filed for Chapter 11 bankruptcy (handled by Sullivan & Cromwell) which requires the reorganization of the company’s assets and liabilities but does not kill the company outright. [read post]
13 Apr 2024, 2:37 pm by Steve Bainbridge
Sullivan and Cromwell: Similar to recent Court of Chancery cases, including the Sears and TripAdvisor decisions, the Delaware Supreme Court’s decision continues a trend of reviewing controller transactions with significant skepticism, emphasizing the need for a careful process even where such conflicted controller transaction does not involve a freeze-out merger. [read post]
8 Apr 2024, 3:30 am by John Jenkins
As Sullivan & Cromwell pointed out in its memo on the climate change rules, “[g]iven the broad scope of the disclosure requirements under Item 1504, a company may need to disclose Scope 3 emissions metrics on an annually updated basis if it has a Scope 3 emissions reduction target that has materially affected, or is reasonably likely to materially affect, its business, results of operations or financial condition. [read post]
6 Apr 2024, 8:49 pm by Patent Docs
This year's conference co-chairs include Andrei Iancu (Partner, Sullivan & Cromwell LLP and former Director of the USPTO), Brian Malkin (Associate General Counsel, Teva Pharmaceuticals), and Mira Mulvaney (Assistant General Patent Counsel, IP Litigation, Eli Lilly & Company). [read post]
5 Apr 2024, 8:36 am
Hu, Sullivan & Cromwell LLP, on Monday, April 1, 2024 Tags: Climate change, Climate Disclosure, disclosure requirements, Financial disclosures, GHG, SEC Prestige, Promotion, and Pay Posted by Daniel Ferreria (London School of Economics) and Radoslawa Nikolowa (Queen Mary University of London), on Monday, April 1, 2024 Tags: CEO Pay, Executive Compensation, Pay for performance, prestige BlackRock has expanded Proxy Voting Choice to millions of U.S. retail… [read post]
5 Apr 2024, 8:36 am
Hu, Sullivan & Cromwell LLP, on Monday, April 1, 2024 Tags: Climate change, Climate Disclosure, disclosure requirements, Financial disclosures, GHG, SEC Prestige, Promotion, and Pay Posted by Daniel Ferreria (London School of Economics) and Radoslawa Nikolowa (Queen Mary University of London), on Monday, April 1, 2024 Tags: CEO Pay, Executive Compensation, Pay for performance, prestige BlackRock has expanded Proxy Voting Choice to millions of U.S. retail… [read post]
1 Apr 2024, 6:36 am by Dan Bressler
“Law firm conflicts ‘permeated FTX’s bankruptcy’, professors allege” — “Two law professors have claimed that Sullivan & Cromwell put its own interests before that of FTX’s stakeholders, reviving criticism over the law firm’s role in the bankrupt cryptocurrency exchange’s rise, collapse and unwinding. [read post]
13 Mar 2024, 6:05 am by Milena Sterio
The articles in this Symposium are coauthored by the Public International Law & Policy Group (PILPG) and current and former attorneys at Sullivan & Cromwell LLP. [read post]
26 Feb 2024, 9:05 pm by renholding
Our database includes news announcements issued by six AmLaw 200 law firms – Cravath, Swaine & Moore; Hunton Andrews Kurth; Paul, Weiss; Shearman & Sterling; Sullivan & Cromwell; and White & Case – between 2013 and 2023, inclusive. [read post]
7 Feb 2024, 9:01 pm by renholding
On January 29, 2024, Acting Comptroller of the Currency Michael Hsu spoke at the University of Michigan Stephen M. [read post]
30 Jan 2024, 6:55 am by Dan Bressler
.'” “The independence of an examiner is relevant, the circuit panel said, given the law firm Sullivan & Cromwell’s work for FTX prior to the bankruptcy and the conflict of interest issues that have been raised over it. [read post]
3 Jan 2024, 9:01 pm by renholding
The FCA considers that the main potential benefits of its reforms are the reduction of barriers for London listed companies to participate in global M&A, reduction of London listed companies’ transaction costs and the removal of obstacles to listing in London such that investors will benefit from a wider choice of liquid investments. [read post]