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Despite pointed attacks from Democrats, Wells Fargo & Co. CEO Timothy Sloan tried to tell a Senate banking panel Tuesday about the “fundamental changes” the bank is making to address past misconduct.
The percentage of prospective lawyers who passed California's July bar exam crept upward to 49.6 percent, ending a three-year skid in scores marked last year by the lowest pass rate—43 percent—in three decades.
It is an all-too familiar accusation to many directors: If only you had done something more, the corporation could have avoided an injury or loss. Since the mid-1990s, Delaware courts have repeatedly recognized that attempting to pin personal liability on directors for their alleged inaction is “possibly the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment,” as in In re Caremark International Derivative Litigation, 698 A.2d 959, 967 (Del. Ch. 1996).
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