0 results for 'Shearman Sterling LLP'
The Churn: Lateral Moves in The Am Law 200
Andrews Kurth heads to London; Bingham McCutchen grabs seven lawyers in Tokyo; and a Munger, Tolles & Olson partner plans a move to the Southern Poverty Law Center. The Churn is constant. Please send all announcements to [email protected].Deal Watch: For K&S, one deal leads to another
A routine acquisition led King Spalding to become counsel to a Portuguese company on its decision to locate a $100 million manufacturing plant in Georgia.Over lunch this fall at South City Kitchen, King Spalding partner Raymond E. Baltz Jr. learned from two EFACEC Group executives that the company was considering building its first U.Internal Revenue Code Cannot Trump DGCL, Federal Court Rules
A federal judge has blocked a $36 million derivative suit filed against Viacom Inc. and its 11 board members alleging that the board breached their fiduciary duty by blocking Class B shareholders from approving an executive compensation plan, which permitted the company's top three executives to receive tax-deductible compensation. Although the plaintiff claimed that the compensation plan violated a section of the Internal Revenue Code because only certain shareholders voted, the court held that the IRC cannot trump the Delaware General Corporation Law, which permits the creation of nonvoting stock.Cite as: Ableco Fin. LLC v. Hilson, 4159 650618/09, NYLJ 1202480082952, at *1 (App. Div. 1st, Decided February 1, 2011)Before: Andrias, J.P., Sweeny, Moskowitz,
Enron Probe Examines Firms' Roles
R. Neal Batson, the court-appointed examiner investigating the exotic financing schemes that contributed to Enron Corp.'s bankruptcy, publicly released his much-anticipated second report on March 5. Batson's first installment, released in September 2002, examined a handful of structured finance deals. The 160-page document also raised questions about legal opinions furnished in those deals to Enron and some of its banks by several major law firms.Creating a Culture of Compliance
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