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18 Feb 2020, 2:08 am by Renae Lloyd
Instead, according to the SEC’s complaint, they purportedly stole millions of dollars for their own personal use, allegedly using the money to buy luxury items such as Ferraris, Porsches, and a Rolls Royce and private jet charters, among others. [read post]
16 Feb 2020, 8:37 pm by Omar Ha-Redeye
In citing this dual function, the Court in Slaight Communications Inc. v. [read post]
12 Feb 2020, 4:00 am by Administrator
Theralase Technologies Inc. v. [read post]
7 Feb 2020, 6:00 am
Haas, Hunton Andrews Kurth LLP, on Wednesday, February 5, 2020 Tags: Advanced notice, Boards of Directors, Charter & bylaws, Delaware cases, Delaware law, Disclosure, Hedge funds, Institutional Investors, Shareholder activism The Economics of Shareholder Proposal Rules Posted by Lucian Bebchuk (Harvard Law School), on Wednesday, February 5, 2020 Tags: Capital formation, Institutional Investors, Private… [read post]
6 Feb 2020, 11:07 am by Renae Lloyd
Last August, Everest REIT Investors I LLC, a private real estate investment firm, extended an offer to purchase shares of Griffin Capital Essential Asset REIT, Inc. at a purchase price of $7.20 per share. [read post]
28 Jan 2020, 6:29 am
You might recall that this case took on a heightened significance when, in March 2018, SCOTUS held, in Cyan Inc. v. [read post]
27 Jan 2020, 5:00 am by John Jascob
Still, as in the Uber case, where the company has an exculpatory charter provision regarding allegations of due care violations, the plaintiff may invoke an escape valve by alleging the board’s bad faith. [read post]
20 Jan 2020, 3:04 pm by Francis Pileggi
The Delaware Supreme Court has affirmed the dismissal of a shareholder’s suit against Uber Technologies Inc. [read post]
17 Jan 2020, 11:14 am by luiza
Standard Chartered – London-based Standard Chartered Bank agreed to pay $1.1 billion to resolve criminal charges and allegations of unlawful conduct on both sides of the pond. [read post]