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June 09, 2023 | Connecticut Law Tribune

CVS, Walgreens Opioid Settlement Money Expected by Year's End

Consistent with previous "Big Three" opioid distributor agreements, the settlements require 85% of the funds be allocated to programs that address the ongoing opioid crisis through treatment, education and prevention efforts.
4 minute read
June 09, 2023 | New York Law Journal

Settlement Money From CVS, Walgreens Opioid Settlement Coming by Year's End

Consistent with previous "Big Three" opioid distributor agreements, the settlements require 85% of the funds be allocated to programs that address the ongoing opioid crisis through treatment, education and prevention efforts.
4 minute read
June 09, 2023 | The Recorder

Settlement Money From CVS, Walgreens Opioid Settlement Coming by Year's End

If approved by the court, California might receive up to approximately $375 million from the Teva settlement and up to approximately $205 million from the Allergan settlement, said California Attorney General Rob Bonta.
4 minute read
June 05, 2023 | Daily Business Review

Miami to Host FTX Multidistrict Litigation, Signature Bank and Silvergate Bank Excluded

"A significant part of FTX's conduct allegedly emanated from this district, where it had its U.S. headquarters before filing for bankruptcy," the U.S. Judicial Panel on Multidistrict Litigation ruled.
4 minute read
In re Oracle Corp. Derivative Litig.
Publication Date: 2023-05-30
Practice Area: Mergers and Acquisitions
Industry: Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Joel Friedlander, Jeffrey M. Gorris, David Hahn, Friedlander & Gorris, P.A., Wilmington, DE; Randall J. Baron, David A. Knotts, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Christopher H. Lyons, Robbins Geller Rudman & Dowd LLP, Nashville, TN; Gregory Del Gaizo, Robbins LLP, San Diego, CA for plaintiffs.
For defendant: Blake Rohrbacher, Susan M. Hannigan, Richards, Layton & Finger, P.A., Wilmington, DE; Elena C. Norman, Richard J. Thomas, Alberto E. Chávez, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Peter A. Wald, Latham & Watkins LLP, San Francisco, CA; Blair Connelly, Latham & Watkins LLP, New York, NY for defendants.
Case number: 2017-0337-SG

Corporate founder who retained a quarter stake of the company and served as a director and officer did not attempt to use his influence to drive acquisition of another company in which he also held an interest, such that the board's appointment of a special committee to negotiate the acquisition meant that the transaction did not need to be reviewed under entire fairness.

Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

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May 26, 2023 | Delaware Business Court Insider

In Clash Over Combining FTX Cases, Lawyers Warn 'There's Going to Be Overlap'

On Thursday, lawyers in the litigation over collapsed cryptocurrency exchange FTX argued to the U.S. Judicial Panel on Multidistrict Litigation whether to coordinate all the cases, which name banks, financiers, promoters and others.
4 minute read
May 26, 2023 | Law.com

Lawyers Clash About Combining FTX Cases: 'There's Going to Be Overlap'

On Thursday, lawyers in the litigation over collapsed cryptocurrency exchange FTX argued to the U.S. Judicial Panel on Multidistrict Litigation whether to coordinate all the cases, which name banks, financiers, promoters and others.
4 minute read
May 25, 2023 | The Recorder

Sidley Austin Defends Splunk in Securities Suit After COVID-19 Fallout

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
May 17, 2023 | Law.com

Walgreens to Pay $230M to Settle San Francisco Opioid Case

The settlement, announced by City Attorney David Chiu on Wednesday, comes months after a federal judge found in a bench verdict that Walgreens helped fuel the opioid crisis in San Francisco.
5 minute read
May 16, 2023 | The Recorder

Oracle's $9B NetSuite Acquisition Process Affirmed in Chancery

Vice Chancellor Glasscock determined that while Larry Ellison's position as a shareholder for both companies made him a conflicted director, he and Oracle CEO Safra Catz, both represented by Latham & Watkins and Young Conaway Stargatt & Taylor, didn't interfere with the committee that evaluated the deal.
2 minute read

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