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California, Delaware, the District of Columbia, New York, and Virginia (effective January 1, 2023) are other states applying the reasonable measures standard. [read post]
25 May 2022, 9:01 pm by Richard Zelichov and Trevor T. Garmey
  The SEC’s Division of Corporate Finance first issued Guidance Topic No. 9 on March 25, 2020. [read post]
28 Apr 2022, 1:20 pm by Kevin LaCroix
  The dispute went to a ten-day bench trial in 2021, and on April 27, 2022, Delaware Vice Chancellor Joseph R. [read post]
  As a result, the LIBOR Law covers instruments created under Delaware corporate law, such as LIBOR floating rate preferred stock, to which the LIBOR law enacted by New York state in 2021 is inapplicable. [read post]
23 Mar 2022, 10:34 am by Lindsay Griffiths
And we work a lot with folks here in Delaware, but we work very frequently with people outside of Delaware who have Delaware needs. [read post]
15 Feb 2022, 1:55 am by Kevin Kaufman
Table 1 shows how each state’s individual income tax is structured. 2022 State Individual Income Tax Structures States with No Income Tax States with a Flat Income Tax States with a Graduated-rate Income Tax Alaska Colorado Alabama Florida Illinois Arizona Nevada Indiana Arkansas South Dakota Kentucky California Tennessee Massachusetts Connecticut Texas Michigan Delaware Wyoming New Hampshire* Georgia   North Carolina Hawaii Pennsylvania Idaho Utah Iowa Washington** Kansas  … [read post]
4 Feb 2022, 5:53 am
Massengill, Mayer Brown LLP, on Sunday, January 30, 2022 Tags: Boards of Directors, Conflicts of interest, Delaware cases, Delaware law, Fairness review, Fiduciary duties, Merger litigation, Mergers & acquisitions, Securities litigation, SPACs, Special purpose vehicles Theranos: The Limits of the “Fake It Till You Make It” Strategy Posted by Carrie H. [read post]
5 Jan 2022, 1:50 am by Kevin Kaufman
To ensure that corporate income taxes are imposed on net profit [read post]
24 Dec 2021, 6:26 am
Miller (University of Iowa), on Tuesday, December 21, 2021 Tags: Adverse effects, Cash flows, Delaware articles, Delaware cases, Delaware law, Merger litigation, Mergers & acquisitions, Securities litigation COP26 and the Role of Private Capital Posted by Jennie Morawetz, Paul Barker, and James Dolphin, Kirkland & Ellis LLP, on Tuesday, December 21, 2021 Tags: Climate change, ESG, International… [read post]
17 Dec 2021, 5:46 am
Shaw, Fried, Frank, Harris, Shriver & Jacobson LLP, on Saturday, December 11, 2021 Tags: Controlling shareholders, Delaware cases, Delaware law, Going private, Merger litigation, Mergers & acquisitions, Securities litigation Silicon Valley and S&P 100: A Comparison of 2021 Proxy Season Results Posted by David A. [read post]
16 Dec 2021, 1:50 am by Kevin Kaufman
Iowa As part of the implementation of a larger tax reform package, Iowa reduced its top corporate income tax from 12 percent to 9.8 percent—paid for through the repeal of corporate federal deductibility—and eliminated its corporate alternative minimum tax. [read post]
8 Dec 2021, 6:08 am
Climate change poses physical, economic transition and liability risks to corporations and their business models, which are already becoming apparent in the US. [read post]
10 Nov 2021, 12:48 pm by Daniel Shaviro
 Yesterday at the colloquium, we discussed the above article, coauthored by Ruth Mason and Michael Knoll. [read post]
26 Oct 2021, 2:42 am by Kevin LaCroix
Recent developments involving breach of the duty of oversight claims in Delaware (discussed for example here) suggest the possibilities for these types of claims against corporate boards. [read post]
19 Sep 2021, 3:12 am
Biden who helped lead his presidential transition team, said the core of the bill went back much further: to a set of newsprint brochures that campaign volunteers delivered across Delaware in 1972, when Mr. [read post]
6 Aug 2021, 6:00 am
Marell, Krishna Veeraraghavan and Jaren Janghorbani, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Wednesday, August 4, 2021 Tags: Controlling shareholders, Corporate veil, Corwin, Delaware cases, Delaware law, DGCL, Merger litigation, Mergers & acquisitions, Tax Cuts and Jobs Act Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy Posted by Raymond Fisman (Boston University),… [read post]
23 Jul 2021, 6:12 am by Bob Ambrogi
[Note: This is the first of an exclusive two-part series on lawyer marketplace UpCounsel, which – 16 months after new owners rescued it from shutting down – is now launching a crowdfunding campaign. [read post]
27 Jun 2021, 6:16 pm by Rob Robinson
Law affects everyone, from the largest multinational corporations to local mom-and-pop businesses, from the most powerful national governments to the smallest towns and from major civic organizations to individual citizens. [read post]
22 Apr 2021, 5:55 am by Kevin Kaufman
Car rentals also afford travelers flexibility that public transit or taxicabs may not provide. [read post]