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Prominent Corporate Lawyers Didn't Stop Shady Options Deals
A review by The Recorder of SEC filings for 17 companies that had prominent Silicon Valley lawyers serving as directors has uncovered questionable option grant dates for executives at five. While the grant patterns aren't necessarily evidence of wrongdoing, they do suggest that suspect pay practices at startups may be more commonplace than previously thought. They also raise new questions about what some name-brand lawyers knew, or should have known, in their roles as directors.After nearly two decades of litigation against some of the biggest drug companies in the country, we're betting the last thing a group of individual pharmacies wanted to hear was that their claims were small potatoes.
The LTN Innovation Awards recognize the efforts of individuals, firms, and law departments that are pushing boundaries of legal technology. Recently, Monica Bay, editor-in-chief of LTN magazine, spoke with each of the awardees, as well as judge David Whelan.
It will be up to Delaware Chancellor Leo Strine Jr., not New York Supreme Court Justice Shirley Kornreich, to preside over the crucial next two months of arguments in shareholder litigation over NYSE Euronext's $8.2 billion sale to IntercontinentalExchange.
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