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February 12, 2024 | National Law Journal

As Associate Pay Raises Divide the Market, Several Law Firms Match, Others Hold Off

"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
5 minute read
February 08, 2024 | Law.com

Governor Criticized by State GOP for Nominating Ex-Romantic Partner to Massachusetts Supreme Judicial Court

Massachusetts Appeals Court Associate Justice Gabrielle R. Wolohojian, who has served on the appellate court for 16 years, is the governor's second nomination to the Massachusetts Supreme Judicial Court in the matter of weeks.
6 minute read
February 07, 2024 | New York Law Journal

Biden Picks Nominees for District Court Seats in New York, California and South Dakota

Of the four nominees, three have judicial experience.
2 minute read
February 07, 2024 | National Law Journal

Biden Picks Nominees for District Court Seats in California, New York and South Dakota

Of the four nominees, three have judicial experience.
2 minute read
February 05, 2024 | The American Lawyer

Former White House Counsel Rejoins Gibson Dunn

Stuart Delery left the firm to join the Biden administration in early 2021.
3 minute read
January 26, 2024 | New York Law Journal

Family Business: A Missed Succession Planning Opportunity

In the annals of family business succession planning, this article discusses some clever, albeit flawed, attempts to transfer ownership interests in a mature enterprise to family members while avoiding the transfer tax toll.
8 minute read
January 25, 2024 | Law.com

The Law Firm Disrupted: A Fresh Take on Big Law's Diversity Problem

A new book by sociologist and former Wilmer associate Kevin Woodson sheds light on two recent cases in the news by highlighting the "racial discomfort" that Black employees experience in predominantly white workplaces.
6 minute read
January 25, 2024 | National Law Journal

Charles Fried, Former US Solicitor General and Harvard Law Professor, Dies at 88

Once Ronald Reagan's aggressive SG, Fried came to criticize the modern GOP.
7 minute read
January 16, 2024 | The American Lawyer

Deal Watch: Kirkland, Akin Drive Energy Deals as Big Law Leans Into Sector for M&A

Four of the five announced M&A deals of more than $1 billion in the past week involved the energy and infrastructure sectors.
7 minute read
Chordia v. Lee
Publication Date: 2024-01-15
Practice Area: Corporate Governance
Industry: Electronics | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Cook
Attorneys:
For plaintiff: Bradley R. Aronstam, R. Garrett Rice, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Brian M. Burnovski, Andrew Ditchfield, Pascale Bibi, Nikolaus J. Williams, Marie Killmond, Danielle Mullery, Davis Polk & Wardwell LLP, New York, NY for plaintiffs.
For defendant: William M. Lafferty, Ryan D. Stottmann, Lauren K. Neal, Alec Hoeschel, Grant E. Michl, Morris, Nichols, Arsht & Tunnel LLP, Wilmington, DE; Hallie B. Levin, Wilmer Cutler Pickering Hale & Dorr LLP, New York, NY; Timothy Perla, Wilmer Cutler Pickering Hale & Dorr LLP, Boston, MA; William Savitt, Jonathan M. Moses, Elaine Golin, Graham W. Meli, Ryan A. McLeod, Wachtell, Lipton, Rosen & Katz, New York, NY; Eric Seiler, Lance J. Gotko, Jason Rubinstein, David J. Ranzenhofer, Sofie Syed, Friedman Kaplan Seiler, Adelman & Robbins LLP, New York, NY; Kurt M. Heyman, Elizabeth A. DeFelice, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defendants.
Case number: 2023-0382-NAC

Majority owner's intentional acts to remove founders from the company to eliminate their right to designate board members materially interfered with those rights in violation of the parties' stockholders' agreement's "reasonable efforts" clause.

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