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March 22, 2022 | New York Law Journal

NFL, Fanatics Face New Antitrust Claims Over Licensed Merchandise Sales

The class action complaint said that the NFL and its 32 teams had boxed out retailers that posed a threat to Fanatics after the league invested $95 million in the company in 2017, causing consumers to pay a higher price for NFL- and team-branded goods.
3 minute read
October 26, 2021 | Delaware Business Court Insider

Lawyer, in Records Demand, Argues Ex-McDonald's CEO May Have Spurred Culture of Harassment

McDonald's Munger Tolles attorneys told the Delaware Court of Chancery that the fast-food giant has made full disclosure in response to shareholders' demand for corporate books and records.
4 minute read
October 26, 2021 | Delaware Law Weekly

Ex-McDonald's CEO May Have Spurred Culture of Harassment, Lawyer Argues in Records Demand

McDonald's Munger Tolles attorneys told the Delaware Court of Chancery that the fast-food giant has made full disclosure in response to shareholders' demand for corporate books and records.
4 minute read
September 01, 2021 | The Legal Intelligencer

As Suits Linking CPAP Machines to Cancer Multiply, a Fight Is Underway to Keep the Litigation in Pa.

"This is the perfect case for an MDL. The facts are the same, the conduct of the defendants applies to all of the plaintiffs in the exact same manner," Levin Sedran & Berman's Sandra L. Duggan said.
5 minute read
July 26, 2021 | The Legal Intelligencer

Class Action Filed in Pa. Linking CPAP Machine to Cancer

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
September 17, 2020 | Law.com

New Class Action Rules Get Mostly Positive Reviews Two Years After Adoption. Plus: Defense Bar Urges MDL Reforms

80% said the electronic notice provision had a positive impact, compared to 60% approval for the requirement that objectors disclose payments they receive from lawyers in the case.
6 minute read
May 27, 2020 | Daily Business Review

Carnival Hit With First Shareholder Class Action Over COVID-19 Outbreaks

The suit, filed Wednesday, is the first shareholder class action against Carnival Corp., which faces lawsuits over emotional distress, medical expenses and deaths relating to COVID-19 outbreaks on board its cruise ships.
3 minute read
July 10, 2019 | Delaware Business Court Insider

Chancery Reaffirms Entire Fairness Standard to Directors Awarding Compensation

The entire fairness standard requires directors to demonstrate that both the amount of compensation and the process by which the compensation is determined is “entirely fair” to the company.
5 minute read
Stein v. Blankfein
Publication Date: 2019-06-12
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Bruce E. Farnan, Michael J. Farnan and Rosemary J. Piergiovanni, Farnan LLP, Wilmington, DE; A. Arnold Gershon and Mi-chael A. Toomey, Barrack, Rodos & Bacine, New York, NY for plaintiff.
For defendant: Kevin G. Abrams, J. Peter Shindel, Jr. and Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; Robert J. Guiffra, Jr. and David M.J. Rein, Sullivan & Cromwell LLP, New York, NY for director defendants. Gregory V. Varallo, Kevin M. Gallagher and Robert L. Burns, Richards, Layton & Finger, P.A., Wilmington, DE for The Goldman Sachs Group, Inc.
Case number: D68597

The entire fairness standard of review applied to the question of director self-compensation.

June 03, 2019 | Delaware Business Court Insider

Del. Chancery Court Green-Lights Derivative Lawsuit Targeting Director Pay

The suit, from Goldman investor Shiva Stein, alleged that the Goldman board for years had set its pay at nearly twice the rate of that provided by similarly situated competitors, who either equaled or outperformed the New York-based investment bank.
3 minute read

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