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March 01, 2024 | The American Lawyer

Big Law Finds Growth Opportunities Through IP Hires

Sidley, Orrick, Squire, Sheppard Mullin and Spencer Fane have all added IP hires this week. "Growing with the right people begets more growth," said Spencer Fane chair Pat Whalen.
4 minute read
February 28, 2024 | Corporate Counsel

Longtime Law Firm Partner Going In-House to Help Companies Control Legal Bills

"Having worked on both sides of the relationship between in-house counsel and outside law firms, I see the necessary need for a service like LegalBillReview.com to help companies mitigate their legal spend," said Brian Arbetter, LegalBillReview.com's general counsel.
3 minute read
February 28, 2024 | New York Law Journal

NYS Proposed Bill To Require Enhanced Public Participation Plans for Major Projects: Will It Pass This Time Around?

Last year, New York Senator Jessica Ramos introduced S. 2510-A, which would require all major projects located in or adjacent to a "disadvantaged community" to submit a written enhanced public participation plan to NYSDEC as part of the proposed project's permitting process. This article summarizes the bill's requirements and explores both the benefits and drawbacks of the bill as currently drafted.
6 minute read
February 28, 2024 | The American Lawyer

Cooley and Orrick Recruit LA Partners Amid Steady Demand in Lit Practices

The latest Am Law 100 moves in California highlight the continuing demand in Big Law litigation practices now.
5 minute read
February 27, 2024 | New York Law Journal

Attorneys 'On the Move': MoFo Adds Restructuring Partner; Capital Markets Partner Joins Hogan Lovells

Also in the latest moves, Joo Kim has joined DLA Piper from Cadwalader and Naheem Harris has joined Akerman from Vinson & Elkins.
4 minute read
Law Journal Press | Digital Book Florida Community Association Litigation: Homeowners’ Associations and Condominiums 2019 Authors: Ron M. Campbell View this Book

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February 26, 2024 | Law.com

Recent Patent Trial and Appeal Board Approaches to Patent Claims on Medical Technology Implementing AI

Each decision involves reversal of a prior art rejection and contrasts with the other decisions on subject matter eligibility, revealing different PTAB approaches and results that can inform prosecution and appeal strategies.
10 minute read
February 23, 2024 | The American Lawyer

US Law Firm Leasing on Upswing in 2023, Hitting Highest Mark Since 2019

The Savills Legal Tenant U.S. Law Firm Activity Report Q4 2023 found that more than half of the new leases signed in 2023 were by firms staying in their space, and New York was the top market for leasing.
4 minute read
February 22, 2024 | New York Law Journal

Law Schools Move Up On-Campus Interviews to Slow Precruiting by Big Firms

Precruiting will increase in 2024, Big Law recruiting directors said, despite two law schools' recent efforts to place more students through virtual on-campus interviews.
6 minute read
February 21, 2024 | The American Lawyer

Stanford and Yale Bumped Up OCI in Response to Precruiting, But Big Law Isn't Backing Down From Direct Applications

Precruiting will increase in 2024, Big Law recruiting directors said, despite two law schools' recent efforts to place more students through virtual on-campus interviews.
6 minute read
Conte v. Greenberg
Publication Date: 2024-02-19
Practice Area: Corporate Governance
Industry: Consumer Products | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys:
For plaintiff: Thomas A. Uebler, Terisa A. Shoremoun, McCollom D’Emilio Smith Uebler LLC, Wilmington, DE; Melinda A. Nicholson, Nicolas Kravitz, Kahn Swick & Foti, LLC, New Orleans, LA; Roger A. Sachar, Newman Ferrara LLP, New York, NY; Domenico Minerva, Labaton Sucharow LLP, New York, NY for plaintiff.
For defendant: A. Thompson Bayliss, E. Wade Houston, Eliezer Y. Feinstein, Daniel G. Paterno, Abrams & Bayliss LLP, Wilmington, DE; Brad D. Brian, John M. Gildersleeve, Abraham B. Dyk, Munger, Tolles & Olson LLP, Los Angeles, CA; Kenneth J. Nachbar, Susan W. Waesco, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Abby F. Rudzin, O’Melveny & Myers LLP, New York, NY; Matthew F. Davis, Tyler J. Leavengood, Potter Anderson & Corroon LLP, Wilmington, DE; Kenneth A. O’Brien, Jr., Sheppard Mullin Richter & Hampton LLP, Los Angeles, CA for defendants.
Case number: 2022-0633-MTZ MEMORANDUM OPINION

Plaintiff failed to plead demand futility due to the lack of directors' personal liability for oversight and corporate waste claims, as the failure to implement a formal policy governing executives' personal use of corporate aircraft did not, by itself, amount to bad faith, and any financial loss from personal use constituted a fraction of a percentage of the company's expenses and profits.

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