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Examining how lawyers, both in-house and outside, interact with boards of directors in times of challenge and crisis and trends in corporate law and board operations that affect companies.
Delaware Business Court Insider
By Ellen Bardash | March 15, 2024
A motion to dismiss filed by the private equity firm's Debevoise & Plimpton attorneys argued a liquidation trustee for a soap and hair care product distributor didn't have standing to bring fraud claims and hadn't adequately pled them in the complaint.
3 minute read
By Alex Anteau | March 15, 2024
The defendant-appellees' takeaway? Become familiar with the terms of a business's operating agreement before you invest.
4 minute read
By Elizabeth Smith and Martha "Frannie" Reilly | March 15, 2024
The primary focus of the IRA is the reduction of greenhouse gas emissions, which is squarely in line with ESG's environmental principles.
9 minute read
By Andrew Denney | March 14, 2024
While Ira Millstein may be credited as a consequential figure for American corporate life in the latter half of the 20th century, he may be remembered just as well for his work in the public sphere.
6 minute read
By Adolfo Pesquera | March 12, 2024
Coinmint, a cryptocurrency mining company, was denied attorney fees for work performed in Delaware, but retained its right by default judgment to buy out Mintvest's interest in the company.
5 minute read
Delaware Business Court Insider
By Ellen Bardash | March 8, 2024
Merger and acquisition practitioners are having a difficult time figuring out how best to counsel their clients, and litigators are left with questions on how best to make their case to the Court of Chancery.
4 minute read
By Chris O'Malley | March 8, 2024
"As a shareholder of Werner Enterprises. I strongly believe an immediate course correction towards a shareholder focus is urgently needed to get the Company and its stock moving in the right direction." former Werner Enterprises director Vikram Mansharamani said in a letter to the company this week.
5 minute read
Delaware Business Court Insider
By Brandon R. Harper | March 6, 2024
In a recent memorandum opinion dismissing a suit brought by stockholders derivatively on behalf of Walgreens Boots Alliance, Inc. (Walgreens), Vice Chancellor Lori Will of the Delaware Court of Chancery issued a reminder of the "narrow confines" in which a successful Caremark claim lives.
8 minute read
Delaware Business Court Insider
By Kaan Ekiner and Mark E. Felger | March 6, 2024
In Ramco Asset Management v. USA Rare Earth, 2023 WL 6939263 (Del. Ch. Oct. 20, 2023), Vice Chancellor Sam Glasscock III considered jurisdictional…
8 minute read
By Avalon Zoppo | March 5, 2024
Under the Securities Exchange Act, the SEC takes enforcement actions against companies that keep proposals off ballots without adequate justification.
4 minute read
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/