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Lessons From the 'Mindbody' and 'Columbia Pipeline' Decisions
In two recent post-trial decisions, the Delaware Court of Chancery found that officers of a target company had breached their fiduciary duties in connection with a sale process by acting for personal gain, rather than to maximize stockholder value, that the target boards did not sufficiently manage the officers' conflicts of interest that infected the sale process, and that the acquirors were liable for aiding and abetting certain of the sell-side fiduciary breaches.Although seller was entitled to recover compensation for settlement payments it made based on post-closing sales of various acquired brands, trial was necessary to determine acquirers' entitlement to offsets and the availability of specific performance for future settlement payments.
Law Firm GCs: From Part-Time Advisers to Full-Time 'Risk Avoidance Monitors'
"What I've seen is law firm GCs are starting to be viewed less like law firm lawyers and more like members of the corporate team, like the CFO or the COO," said William Connolly, the new general counsel and chief legal officer at Nixon Peabody.Court excluded economic expert's testimony as unsupported by data and methodology where expert claimed there was little likelihood of a market for plaintiffs' product, since there were insufficient facts about the attributes of the product or whether there were current substitutes for the product already on market.
Claim reserves and underwriting exclusions to professional liability insurance policy did not apply to underlying lawsuits by long-term care insurance policyholders alleging misrepresentations in the marketing and sale arising from the failure to disclose planned or expected premium increases.
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Why Clients and Law Firms Are Stocking up on Regulatory Tech and Talent: The Morning Minute
The news and analysis you need to start your day.DSBA to Hold Corporate Law Anniversary CLE
The Delaware State Bar Association is scheduled to hold a live event titled, "Omnicare v. NCS, A 20th Anniversary CLE" from 2 to 4 p.m. Tuesday.New Delaware Supreme Court Justice Sworn In
Judge Abigail M. LeGrow was formally sworn in for her first term as justice of the Delaware Supreme Court on Sept. 19 in Courtroom 7E at the Leonard L. Williams Justice Center in Wilmington.Judge Abigail M. LeGrow Sworn In as Delaware Supreme Court Justice
Judge Abigail M. LeGrow was formally sworn in for her first term as justice of the Delaware Supreme Court on Sept. 19 in Courtroom 7E at the Leonard L. Williams Justice Center in Wilmington.Corporate Transparency Act Resource Kit
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Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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