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March 27, 2024 | Delaware Business Court Insider

Chancery Dismisses Suit Against Walgreens Directors, Rejecting 'Reflexively Filed' 'Caremark' Claims

"Fueled by hindsight bias," Vice Chancellor Lori W. Will explained, Caremark suits have "proliferated in Delaware" seeking to hold directors personally liable for imperfect efforts, operational struggles and business decisions. But, the court noted, a stockholder's position that the board's response to a corporate crisis merely "came too late and did too little" is insufficient under Caremark, which requires a showing that directors acted in bad faith.
6 minute read
March 13, 2024 | The Legal Intelligencer

Judge Scolds Litchfield Cavo, Cozen O'Connor Attorneys for Disrespect for Court

"Defendants' victory in the case and failure to receive sanctions (on procedural grounds) does not expiate their abdication of duty as officers of the court. Counsel must ask themselves whether it was worth it," U.S. District Judge Chad F. Kenney said of the attorneys' behavior.
5 minute read
March 13, 2024 | Corporate Counsel

New Risk for Weary CISOs: Becoming the Scapegoat After Cybercriminals Strike

Sometimes, top executives refuse to fund a security fix, but "somehow it's the CISO who ends up taking the blame," said Larry Whiteside, chief information security officer of RegScale.
5 minute read
March 06, 2024 | Delaware Business Court Insider

Derivative Suit Claiming Directors Breached Duty of Oversight in Alleged 'Overfilled and Overbilled' Insulin Scheme Dismissed

In a recent memorandum opinion dismissing a suit brought by stockholders derivatively on behalf of Walgreens Boots Alliance, Inc. (Walgreens), Vice Chancellor Lori Will of the Delaware Court of Chancery issued a reminder of the "narrow confines" in which a successful Caremark claim lives.
8 minute read
March 05, 2024 | Corporate Counsel

Former Walgreens Legal Chief Lands Executive Post at UnitedHealth Group

"I'm thrilled for this next chapter and I look forward to working with my new colleagues on the critically important mission of helping people live healthier lives," Danielle Gray said on LinkedIn.
2 minute read
March 01, 2024 | Corporate Counsel

Employers Try Novel Tactic to Blunt New Rules Lowering Hurdles to Unionizing

Since last fall, employers have filed hundreds of petitions requesting union elections, a strategy aimed at thwarting workers' efforts to organize.
3 minute read
February 27, 2024 | Corporate Counsel

Walgreens Goes Outside Retailing to Hire New Legal Chief

Lanesha Minnix's appointment completes the executive committee for CEO Tim Wentworth, who came out of retirement in October to take the post.
3 minute read
February 12, 2024 | Corporate Counsel

GCs Face Daunting Emerging Risk, Fanned by Global Economic Pessimism and Social Media Algorithms

As the public's trust in civic institutions declines, "individuals often seek out non-mainstream information sources that align with preexisting beliefs," the consulting firm Gartner said in a report.
4 minute read
February 06, 2024 | New Jersey Law Journal

Plaintiff's Lawyers: Beware of Fictitious Defendants

"The issue, therefore, was the interrelationship between R. 4:26-4 (amendments to state the true names of fictitious defendants) and R. 4:9-3 (when such amendments relate back to the date of the initial pleadings)," writes Court Watch columnist Louis F. Locascio.
7 minute read
January 22, 2024 | Corporate Counsel

Dr. Bronner's Magic Soap Hires First GC to Help Navigate Growth, Advance Mission

More than a half-century ago, Emanuel Bronner would hand out soaps as freebies to attendees of his lectures espousing unity across religious and ethnic divides. Today, they are available in mass-market retailers such as Target and Walgreens and in some 40 countries.
3 minute read

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