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16 Sep 2019, 7:05 pm
Aug. 29, 2019), the Delaware Court of Chancery granted a stockholder’s books and records demand under Section 220 of the Delaware General Corporation Law (“DGCL”) to inspect the books and records of defendant GGP Inc. [read post]
23 Apr 2009, 4:20 am
‌ Since many shareholders vote with their feet rather than attempt to assert their rights through the procedures set out in the corporate documents, senior management and board members can often act with impunity (and in any event, corporations typically pay for their errors and omissions insurance). [read post]
19 Feb 2011, 12:18 pm
In this instance, the company cannot defer releasing inside information until the prescribed structured document is issued. [read post]
19 Jan 2014, 11:09 pm
The latest reported news on the planned takeover of one of South Africa's major generics, Adcock Ingram, is that the Public Investment Corporation (PIC) intends vetoing the deal next month. [read post]
19 May 2021, 6:00 am
New regimes were enacted for the electronic execution and electronic filing of documents for other business corporations but not for condo corporations. [read post]
16 Nov 2014, 11:19 pm
Because of my lack of familiarity with this area of the law, I hesitate to attempt too may generalizations or conclusions. [read post]
25 Aug 2021, 3:15 am
Furthermore, we document that the corporate governance guidelines of BRT Companies as of the end of 2020 commonly required such alignment of director compensation with stockholder value and generally avoided any support for linking such compensation to stakeholder interests. [read post]
6 Apr 2011, 3:13 pm
Regarding whether the changes to the policy of restraint applies to documents requested by Counsel after the filing of a Tax Court petition, the IRS said that generally counsel attorneys will not issue discovery requests for documents or information that the IRS would not seek under its policy of restraint.The IRS also clarified that the changes announced in Announcement 2010-76 apply to any request for documents outstanding on or made after September 24, 2010,… [read post]
10 Jun 2021, 7:32 am
As a practicing lawyer, I was (and continue to be) constantly reminded that the judges to whom I put arguments, the agency officials investigating a client company, and the deal documents I negotiate and draft, all live and die by esoteric minutiae that excellent lawyers understand — and that non-lawyers generally don’t. [read post]
22 Apr 2011, 4:37 am
Within such systems, law departments can track the outside counsel assigned to manage each matter, the budget and spend for each matter, information on the plaintiffs in the matters, key dates associated with the claim or litigation, the courts in which the matters will be heard, and many other important case management data points.Additionally, legal extranets allow law departments to create litigation calendars and task tracking systems and lists which can be shared with outside counsel, to track… [read post]
2 Apr 2018, 4:03 pm
As we discuss below, the SEC’s views on the role of the board have evolved over the past few years, culminating with the release of the 2018 Guidance, which will undoubtedly prompt corporate boards to take tangible steps to translate their general awareness and high-level concerns around cybersecurity risks into specific behaviors and precise actions that are identifiable, capable of being readily implemented and heavily documented. [read post]
21 Sep 2010, 7:27 am
It is also necessary for the member to describe with reasonable particularity the purpose and the records sought so the corporation is generally informed of the member's object. [read post]
24 Sep 2013, 6:00 am
It's possible, for example, that general counsel or outside counsel have retained copies. [read post]
13 May 2024, 10:00 pm
Explore the Practical Guidance Journal Spring 2024 Edition, featuring guidance on protecting attorney-client privilege and work product in a generative AI world, using AI to manage the attorney client relationship, an overview of privacy regulations in the United States, and a primer on the new Corporate Transparency Act requirements. [read post]
19 Mar 2023, 3:41 pm
The title of this blog post is a paraphrase from a description in a recent article in Reuters about a case in the Delaware Court of Chancery against The Walt Disney Company, based on Section 220 of the Delaware General Corporation Law, that went to trial this past Wednesday. [read post]
17 Feb 2025, 9:05 pm
Yesterday, Delaware State Senator Bryan Townsend introduced a sweeping set of amendments to the Delaware General Corporation Law. [read post]
31 Jan 2019, 11:17 am
Section 220 of the Delaware General Corporation Law, 8 Del. [read post]
29 Nov 2023, 10:41 am
For questions about these new rules, the CTA, or customer due diligence and beneficial ownership rules more generally, contact the authors of this article or another member of the McGuireWoods Government Investigations and White Collar team, Financial Services Litigation team, Tax & Employment Benefits team, or the Corporate & Private Equity team. [read post]
22 Nov 2018, 9:05 pm
The New York Times – Corporate lawyers at Paul Weiss, a prestigious Manhattan law firm, often spend their days scouring the fine print of client documents and government regulations. [read post]
2 Jan 2024, 1:10 pm
Find out how to set up your document alerts. [read post]
