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December 27, 2023 | Delaware Business Court Insider

Chancery Permits Limited Stockholder Inspection of Nonpublic Books and Records for Better Valuation of Shares

The Delaware Court of Chancery considered whether a stockholder of a publicly traded company was entitled to inspect the books and records of the public company's nonpublic subsidiary for the stated purpose of "more accurately" valuing the public corporation's publicly traded shares.
8 minute read
December 21, 2023 | New Jersey Law Journal

Appellate Division Finds AOM Not Required for Teacher in Wrongful Death Suit Involving 8-Year-Old Newark Student

"Because teachers are not licensed persons under the AMS, the court should not have dismissed the complaint's allegations pertaining to the teacher's alleged conduct," the per curiam opinion said. "Given the Board's motion was based solely on Washington's failure to supply an AOM, there was no basis to dismiss the entirety of her complaint—particularly, allegations regarding the teacher."
5 minute read
December 21, 2023 | New York Law Journal

Legal Fictions and ChatGPT Hallucinations: 'Mata v. Avianca' and Generative AI in the Courts

The Southern District of New York issued an unprecedented sanctions order in 'Mata v. Avianca', arising from counsel's citations to fictional cases fabricated by a ChatGPT chatbot. This article discusses (i) the Avianca sanctions order; (ii) the limitations of generative artificial intelligence (AI) for litigation use; (iii) the danger of AI "hallucinations"; and (iv) ethical and practical considerations for attorneys using generative AI tools.
13 minute read
December 21, 2023 | Litigation Daily

Encore! One Last Look at 2023's Litigators of the Week

With one more LOTW set to be named tomorrow, a familiar firm has already clinched the most top spots for the year.
16 minute read
December 20, 2023 | New York Law Journal

Transferee Liability Under New York Law: 'Dillon Trust Co. v. United States'

Under some circumstances, sellers of stock of a corporation may be liable as transferees for corporate obligations arising before or in connection with the closing. In 'Dillon Trust Co. v. United States', the Court of Federal Claims concluded that the sellers of the stock of two corporations were liable for tax obligations of the corporations attributable to sales of assets for notes prior to the closing of the stock sale.
9 minute read
Law Journal Press | Digital Book New Jersey Tax Handbook 2024 Authors: Robert F. Connolly, MST, Susan K. Dromsky-Reed, Jeffrey D. Gordon, Tiffany Wagner Donio, Frances B. Stella, Alysse Mcloughlin, Kathleen Quinn View this Book

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December 19, 2023 | Texas Lawyer

Third-Party Drug-Testers—Not Just Employers—Owe No Duty to Employees

The Texas Supreme Court has issued an opinion holding that "third-party testing entities hired by an employer do not owe a common-law negligence duty…
6 minute read
December 19, 2023 | National Law Journal

'An American Pioneer': President Biden Pays Tribute to Justice O'Connor at Funeral

Chief Justice John Roberts Jr. called the nation's first female justice "a strong, influential and iconic jurist."
6 minute read
December 19, 2023 | New York Law Journal

Frustration of Right To Tender Mortgage Arrears; Guaranty Agreements: This Week in Scott Mollen's Realty Law Digest

Scott Mollen discusses "Flushing Bank v. Cory Realty" and "231/249 W. 39 St. Assocs. v. Chan."
15 minute read
December 19, 2023 | New York Law Journal

Judiciary Law §487 in 2023

Judiciary Law §487 is a statute unique in regulation of the legal professional. Other professions are subject to their own disciplinary rules, other professions are subject to negligence claims, but none are subject to a 748-year-old treble damage statute which has been incorporated into the common law.
10 minute read
December 18, 2023 | Daily Report Online

Georgia GC Compensation Remains Strong Following COVID-19 Decrease

"As in 2021, I think 2022 was also a great year financially for a lot of companies," said Bob Graff, an Atlanta-based in-house recruiter and a partner with Major, Lindsey & Africa. "The stock market did pretty well last year. It's not surprising that people met or exceeded their bonus targets and met or exceeded their equity targets."
5 minute read

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