Corporate Representation

Delaware Business Court Insider |News

Bouchard Addresses Nature of Derivative Claims in Decision Tossing Challenge to Design Within Reach Merger

Tom McParland | August 17, 2018

The Delaware Court of Chancery on Friday rejected a "novel theory" to expand the state's narrow doctrine allowing some claims to be treated as both derivative and direct. The rejection comes in a decision that nixed an investor lawsuit seeking to undue the $124 million merger of Herman Miller and Design Within Reach.
Delaware Business Court Insider |Commentary

VC Firms Should Be Mindful of Potential Controller Status

Christopher B. Chuff, M. Duncan Grant, and Joanna J. Cline | August 15, 2018

It is well-settled Delaware law that a stockholder is deemed to be a controller when it owns more than 50 percent of the corporation's stock or it owns less than 50 percent of the corporation's stock, but nevertheless exercises actual control over the corporation or the challenged decision.
Corporate Counsel |News

After Weed Killer Verdict, It's Damage Control Time for Monsanto Lawyers, Comms Staff

Phillip Bantz | August 14, 2018

The agribusiness giant's in-house lawyers are working "hand in glove" with in-house communications staffers to mitigate the fallout from the $289 million Roundup verdict. But one communications expert isn't impressed with the effort and another says outside PR consultants are key.
Delaware Business Court Insider |News

Tribune Sues for $1B in Damages After Canceling Deal With Sinclair

Tom McParland | August 09, 2018

The lawsuit filed by Debevoise & Plimpton targets Sinclair's "belligerent and unnecessarily protracted" negotiations with regulators.
Delaware Business Court Insider |Commentary

Chancery Rejects Merger Price as Indicator of Fair Value in Appraisal Based on Flaws in Sales Process

Albert H. Manwaring IV | August 08, 2018

Appraisal is a limited statutory remedy that provides a Delaware general corporation's stockholders, who dissent to the sufficiency of the merger price, with the right to have the Delaware Court of Chancery determine the “fair value” of their shares.
Delaware Business Court Insider |News

Investor Files Derivative Suit Over Tableau Competition Disclosures

Tom McParland | August 07, 2018

The lawsuit comes after the company's stock sank nearly 50 percent after the market got wind of the toll competition was having on it.
Corporate Counsel |News

Benchmark Electronics Leaves Its Global Legal Function to Steve Beaver

Phillip Bantz | August 07, 2018

As VP and GC, Beaver will oversee global legal, compliance, ethics, intellectual property, environmental health and safety matters.
Daily Business Review |News

Legal Arguments Unleashed in Lawsuit Over David Beckham Stadium Referendum

Lidia Dinkova | August 06, 2018

Attorneys for David Beckham and his business partners attack Douglas Muir's lawsuit as unclear and ironic. He has responded by saying a decision by Miami leaders to hold a referendum on Beckham's plan violates the Florida Constitution and the city charter.
Delaware Business Court Insider |Commentary

Court Denies Public Access to Unfiled Discovery Materials

Barry M. Klayman and Mark E. Felger | August 06, 2018

Does public access extend to discovery materials that are not filed with the court? Vice Chancellor J. Travis Laster says no: materials developed during the pretrial discovery process are not part of the presumptively public record until they are filed with the court, such as by being placed on the docket or lodged in evidence.
The Legal Intelligencer |Commentary

How to Step Out of Your Cultural Comfort Zone to Grow Professionally

Sohana S. Barot | August 03, 2018

I am a second-generation Indian-American woman; a daughter of immigrants who have mostly assimilated to the American way of life but still retained much of their cultural upbringing. I grew up quiet, nonconfrontational and soft-spoken.
The Legal Intelligencer |Commentary

New Act 27 Changes the Pa. Contractor and Subcontractor Payment Act

Robert R. Watson Jr. | August 03, 2018

The changes signed into law will go into effect on Oct. 10—120 days after it was signed—and further clarify certain aspects of CASPA which were left unanswered in the original legislation, often leading to disputes between parties as they negotiated contracts for a project or proceeded with work once it was underway.
Delaware Business Court Insider |News

Laster Appoints Monitor in Court-Ordered Sale of William Koch's Oxbow Carbon

Tom McParland | August 02, 2018

The Delaware Court of Chancery on Wednesday appointed a monitor to oversee the sale of Oxbow Carbon and ordered CEO William Koch to pay tens of millions of dollars in damages to two private equity firms for derailing a deal for the energy company in 2016.
Delaware Business Court Insider |News

CBS Taps Firms, Former Prosecutors to Lead Probe Into Moonves Harassment Allegations

Tom McParland | Dan Packel | August 02, 2018

CBS Corp. has tapped Covington & Burling and Debevoise & Plimpton to conduct an investigation into allegations of sexual misconduct by CEO Leslie Moonves, naming two former prosecutors to lead the probe.
Delaware Business Court Insider |News

Moonves Allegations Roil CBS Leadership Amid Fight With Redstone

Tom McParland | August 01, 2018

Recent allegations of sexual harassment by CBS Corp. chief executive Leslie Moonves have brought increased scrutiny to the legal saga unfolding in the Delaware Court of Chancery over control of the New York-based broadcaster.
Delaware Business Court Insider |Commentary

So You Think You Know Delaware Law?

Edward M. McNally | August 01, 2018

We all sometimes believe we know more than what we really do understand. Despite scholarly warnings about that tendency, it continues to mislead us. Now that same error is threatening the legal profession.
Delaware Business Court Insider |News

CBS Board Set to Investigate Moonves Misconduct Allegations

Tom McParland | July 27, 2018

The board of CBS Corp., already embroiled in a fierce legal battle with its controlling shareholder, on Friday indicated that it would investigate allegations of misconduct against CEO Leslie Moonves in response to a forthcoming article by The New Yorker.
Delaware Business Court Insider |News

Facebook Investor Sues for Records Involving Cambridge Analytica Data Breach

Tom McParland | July 27, 2018

An investor in Facebook Inc. this week sued for access to board documents related to the company's alleged mistreatment of personal user data, which has resulted in multiple privacy scandals and contributed to a historic loss in the social network's market value.
Delaware Business Court Insider |News

Papa John's Is Sued for Records Involving Founder's Ouster

Tom McParland | July 26, 2018

The founder of Papa John's International Inc. has sued for access to board documents related to his ouster from the pizza chain, after it was reported that he used a racial slur in a company training session.
The Legal Intelligencer |Commentary

Navigating Immigration Considerations in M&A Transactions

Patricia E. Farrell and Joel Pfeffer | July 26, 2018

Attorneys tasked with managing international mergers and acquisition (M&A) deals are faced with a myriad of challenges, involving company finances, management principles, foreign regulations and cultural differences.
Delaware Business Court Insider |Commentary

Contractual Duties to Conduct a Business in Accordance With 'Sound Business Practices'

Gabriel Herrmann and Lee R. Crain | July 25, 2018

The Delaware Court of Chancery's decision in Wenske v. Blue Bell Creameries, C.A. No. 2017-0699-JRS (July 6, 2018) (Slights, V.C.), highlights an interesting practical challenge faced by parties seeking to impose oversight obligations on a manager charged with operating a business in accordance with sound industry business practices.
Delaware Business Court Insider |News

Attorneys Defend $129M Fee Request in Suit Over Facebook Stock Plan

Tom McParland | July 24, 2018

Three law firms are pressing their case for $129 million in attorney fees in a shareholder suit over Facebook Inc.'s since-abandoned plan to reform its stock structure in a way that would have given founder Mark Zuckerberg more control over the company.
Delaware Business Court Insider |News

Twitter Derivative Suit in Del. Stayed in Favor of Calif. Securities Action

Tom McParland | July 24, 2018

A magistrate judge in Delaware on Monday put a derivative suit against Twitter Inc.'s board of directors on pause while the San Francisco-based social media giant defends a similar securities suit in a California federal court.
The Legal Intelligencer |Commentary

Grand Jury Reports, the Right to Due Process and a Corporation's Reputation

Christopher Carusone | July 24, 2018

Abraham Lincoln once said, “Character is like a tree and reputation like a shadow. The shadow is what we think of it; the tree is the real thing.” Unfortunately, in a world where opinion often replaces fact, and one negative article or blog post can live on the internet forever, a person's reputation is not always a product of one's true character, particularly online.
Delaware Business Court Insider |News

Del. Judge Dismisses Challenge to $325M Energy Industry Merger

Tom McParland | July 23, 2018

The Delaware Court of Chancery has dismissed a shareholder challenge to Earthstone Energy Inc.'s $325 million acquisition of a Texas oil and gas firm in 2016, finding that the deal met business-judgment protections for a conflicted transaction.
The Legal Intelligencer |Commentary

The Internet of Things: Are Government Regulation Efforts Too Little, Too Late?

Gwenn B. Barney | July 20, 2018

The Internet of Things consists of physical items that collect information through sensors or chips and then share that information with other devices through the Internet or other networks.
The Legal Intelligencer |Commentary

Managing Law Firm Cybersecurity Risk: Tips to Stay Secure

Eamon Merrigan and Jason Rubin | July 19, 2018

Who's minding the store—of information? In a law firm, decisions must be made constantly or nothing would get done. You've made countless decisions on what type of law to practice, your location and who to hire.
The Legal Intelligencer |Commentary

Cybersecurity for Midsize and Smaller Law Firms: 10 Tips to Take Action Now

Stephenie W. Yeung | July 18, 2018

It is no secret that cyberattackers consider law firms to be rich sources of valuable data. Escalating risks and client expectations mandate that mid-size and smaller firms, with fewer than 200 attorneys, treat cybersecurity as a core element of their legal practice.
New York Law Journal |Expert Opinion

The Full-Payment Rule Strikes Hard: A Look at a Recent Decision

Jeremy H. Temkin | July 18, 2018

It has long been settled law that a taxpayer challenging a tax deficiency assessed by the Internal Revenue Service in federal district court is required to “pay first and litigate later.”
Connecticut Law Tribune |Expert Opinion

Protecting Privileged Premerger Communications With Corporate Clients

Alanna G. Clair and Shari L. Klevens | July 17, 2018

Some successor companies may insist on having access to communications concerning the merger after the fact as a prerequisite to the deal.
Texas Lawyer |Commentary

Protecting the Privilege of Pre-Merger Communications

Shari Klevens and Alanna Clair | July 17, 2018

When Company A acquires Company B, in many cases it will also come to share in the attorney-client privilege formerly belonging to Company B. This…
Delaware Business Court Insider |News

Redstone Is Denied Access to Privileged Documents in CBS Dispute

Tom McParland | July 13, 2018

Shari Redstone holds the controlling voting stake in CBS and Viacom Inc.
Daily Business Review |Profile

Attorney Michael Dunn Talks Business Startups, Practicing With His Parents

Daily Business Review | July 13, 2018

Michael Dunn is managing partner at Dunn Law in Miami.
The Legal Intelligencer |Commentary

Tips and Warnings Related to International FOIA for Lawyers, Journalists

Terry Mutchler | July 13, 2018

This column contains both tips and warnings related to records-access laws and ensuring that lawyers and journalists not only read them, but maximize the use of these laws.
The Legal Intelligencer |Commentary

2nd Circ. Issues Problematic Opinion on Role of Party-Appointed Arbitrators

Albert Bates Jr. and R. Zachary Torres-Fowler | July 12, 2018

On June 7, the U.S. Court of Appeals for the Second Circuit, in the case of Certain Underwriting Members of Lloyds of London v. Insurance Company of the Americas, No. 17-1137-cv (2d Cir. June 7, 2018), overturned the lower court's decision to vacate an arbitrator's award and remanded the case for further proceedings.
Daily Business Review |Commentary

Could Your Business Avoid an ADA Drive-By Lawsuit?

Stephanie N. Moot and Carol C. Lumpkin | July 11, 2018

Title III of the Americans with Disabilities Act (ADA) is designed to ensure that individuals with disabilities have equal access to the goods and services offered by a place of public accommodation.
Delaware Business Court Insider |News

Del. High Court Revives Challenge to $1.4B Acquisition of Grocery Chain

Tom McParland | July 09, 2018

The Delaware Supreme Court on Monday effectively revived a shareholder suit challenging Fresh Market Inc.'s $1.4 billion acquisition by a private equity firm, in an opinion that served as a "cautionary reminder" that partial disclosures cannot secure business-judgment protections under the Corwin doctrine.
Delaware Business Court Insider |News

Laster Hits Investment Fund, Manager With $20.3M in Damages for Tech Firm Coup

Tom McParland | July 09, 2018

The Delaware Court of Chancery has ordered an investment fund and its manager to pay $20.3 million in damages for using their control over Basho Technologies Inc. to profit from efforts to maneuver the young firm into a "position of maximum crisis."
Daily Business Review |Profile

Defending Against Anti-Corporate Sentiment, Shook Hardy's Hildy Sastre Talks Strategy

Daily Business Review | July 06, 2018

Sastre, a litigator in Miami, said successfully defending corporate giants starts at jury selection.
Delaware Business Court Insider |News

Investors Seek Records Over Pharma Company's Cancer-Drug Resale Scheme

Tom McParland | July 05, 2018

Investors in Pennsylvania-based AmerisourceBergen Corp. have sued in Delaware for access to books and records of the pharmaceutical firm, stating that they are considering launching a civil lawsuit over a scheme by its subsidiaries to skim and repackage cancer drugs for sale across the country.
The Legal Intelligencer |Commentary

Protecting Personal Data Under the GDPR: From Asset to Liability

Edward T. Kang | July 05, 2018

A recent Facebook commercial talks about how great Facebook was when it first came into our lives. It then talks about how bad Facebook became recently (“fake news,” “spam,” and “data misuse”). It ends with Facebook promising to do more. It promises Facebook will do more to “protect your privacy.”
Corporate Counsel |Expert Opinion

How Regulation A Updates Could Benefit Smaller Reporting Companies

Alexander Dinur, Alan Wovsaniker and John Hogoboom | July 02, 2018

On May 24, the Economic Growth, Regulatory Relief, and Consumer Protection Act (act) was signed into law.
Daily Report Online |News

On the Rise: Aly Pirio

Jonathan Ringel | June 28, 2018

Reading 'Barbarians at the Gate' made me realize I wanted to be a deal lawyer.
The Legal Intelligencer |Commentary

Gathering Agreements Are Executory Contracts That May be Rejected in Bankruptcy

Gabrielle Glemann | June 28, 2018

On May 25, the Second Circuit upheld the New York district court's decision concluding that certain midstream gathering agreements were executory contracts, subject to rejection in a bankruptcy proceeding.
Delaware Business Court Insider |Commentary

Court of Chancery Awards Damages for Breach of a Director's Duty of Loyalty

Lewis H. Lazarus | June 27, 2018

When friends go into business, their ties may fray if the business experiences difficulty and the parties have different views of how to proceed and who is responsible.
New York Law Journal |Expert Opinion

Court Affirms Effectiveness of Shareholder Consent Requirement for Bankruptcy Filing

Corinne Ball | June 27, 2018

In her Distress Mergers and Acquisitions column, Corinne Ball discusses the case "Franchise Services of North America" and writes: The importance of this case rests upon the threshold determination that relief from provisions in the certificate of incorporation granting rights to bona fide investors must be sought in the relevant state court, even when the remedy sought is the exercise of a federal right, generally exercised by fiduciaries that are required to act in the corporation's best interests.
Delaware Business Court Insider |Commentary

Creditors Committee Dissolves Upon Conversion of Chapter 11 Cases

Barry M. Klayman and Mark E. Felger | June 27, 2018

In Official Committee of Unsecured Creditors v. Constellation Enterprises (In re Constellation Enterprises), Judge Andrews held that a creditors' committee automatically dissolved when a Chapter 11 case was converted to a Chapter 7 case and as a result it lacked the capacity or authority to pursue appeals that had been filed from orders of the bankruptcy court, including the order converting the case.
Delaware Business Court Insider |News

Glasscock Greenlights Investor Suit Over Side Deal in Telecom Co.'s $3B Sale to Verizon

Tom McParland | June 25, 2018

A Delaware Court of Chancery judge on Monday allowed former investors in Straight Path Communications Inc. to proceed with claims that its controlling stockholder used his power to avoid more than $500 million in liability stemming from the telecommunication company's $3.1 billion sale to Verizon.
Daily Business Review |Commentary

Argentina Modernizes and Simplifies Its IP Registration and Cancellation System

Jorge Espinosa and Patricio María Albornoz | June 25, 2018

For companies in the United States who have done business in Argentina, the bureaucracy has always been a significant hurdle. Processes simply take longer or require more complex submissions than in the United States.
The Legal Intelligencer |Commentary

Cybersecurity Due Diligence in M&A Transactions

Sharon R. Klein and Taylor Jon Torrence | June 22, 2018

As former SEC Commissioner Luis Aguilar aptly stated: “boards that choose to ignore, or minimize, the importance of cybersecurity oversight responsibility, do so at their own peril.”
New York Law Journal |Analysis

Tesla's Stock Option Grant to Elon Musk: Part 2

Joseph E. Bachelder III | June 21, 2018

In this month's article on Executive Compensation, Joseph E. Bachelder III further explores Elon Musk's pay as CEO of Tesla.
The Legal Intelligencer |Commentary

Mitigating Security Risk in Cloud Offerings Through Diligence, Oversight

Barbara Melby and Katherine O'Keefe | June 21, 2018

Cloud services have shifted from emerging to mainstream, with companies in even the most risk-adverse industries exploring and adopting cloud-based solutions.
The Legal Intelligencer |

GC Impact Award Winner—Wendy White

The Legal Intelligencer | June 21, 2018

White advises and represents the entire university, including 12 schools, a large variety of undergraduate/graduate concentrations, nationally recognized research programs, as well as the University of Pennsylvania Health System, which is made up of six hospitals, two physician practices, and a wide array of treatment centers and medical specialties.
The Legal Intelligencer |

GC Impact Award Winner—Austin So

The Legal Intelligencer | June 21, 2018

toneMor is the nation's second-largest deathcare provider, with 300 cemeteries and 100 funeral homes in 27 states and Puerto Rico.
The Legal Intelligencer |

GC Impact Award Winner—Michael Finn

The Legal Intelligencer | June 21, 2018

Last year was a busy one for Finn as he oversaw the biggest acquisition yet by Axalta Coating Systems, a manufacturer of coatings for light and commercial vehicles, industrial and refinish applications.
New Jersey Law Journal |Profile

Chiesa Shahinian Tackles Mid-Market M&A as Big Law Moves 'Downstream'

Ariel Rivera | June 20, 2018

Mergers & Acquisitions
New Jersey Law Journal |Profile

Flaster/Greenberg Rings Up Showboat Deal in 2017, Sees 'Robust' Market

Molly O. Grimm | June 20, 2018

Mergers & Acquisitions
Daily Business Review |News

Salvador Juncadella Retires From the World of International GCs

Catherine Wilson | June 20, 2018

Salvador Juncadella, a soft-spoken pitch man for international general counsel, is retiring as a consultant at Morgan Lewis in Miami.
Delaware Business Court Insider |Commentary

When Is a Seller's Word His Bond?

Edward M. McNally | June 20, 2018

Every transaction to some extent is based on trust. At least a buyer trusts that a seller is not actively trying to defraud him.
Delaware Business Court Insider |News

Investor Suit Against Controlling Shareholders in Medical Robotics Company Investor Clears Hurdle

Tom McParland | June 19, 2018

Investors in Hansen Medical Inc. will be allowed to proceed a Delaware Court of Chancery lawsuit alleging the California-based medical robotics firm's $80 million squeezeout merger with Auris Surgical Robotics Inc. unfairly benefited a group of controlling stockholders who steered the deal.
Corporate Counsel |Expert Opinion

Seven Steps to Ensuring Your and Your Law Firm Partners' GDPR Compliance

Barry Ader | June 19, 2018

The General Data Protection Regulation (GDPR) went into effect on May 25 and with it, the European Union (EU) Parliament has set an impressively high standard for data privacy with the new rule.
Delaware Business Court Insider |News

Laster Tosses Trade Secrets Suit Against Investors Who Took Stake in Competitor

Tom McParland | June 18, 2018

The Delaware Court of Chancery has dismissed a suit filed by a home security company that accused a private equity firm of stealing trade secrets through its investment in a competitor.
Corporate Counsel |Expert Opinion

Stay or Go: Reading the Tea Leaves of a CEO Transition as General Counsel

Lee Udelsman and Ryan Whitacre | June 18, 2018

Leadership transitions put employees on edge, and for good reason: a new chief executive officer means that everyone in the company is once again auditioning for their job.
The American Lawyer |News

Despite Comcast Bid After AT&T's Big Win, No 'Avalanche' of M&A in Offing

Miriam Rozen | June 15, 2018

A federal judge's ruling clearing the way for a combination between AT&T Inc. and Time Warner Inc., as well as dueling bids for the assets of 21st Century Fox Inc., have many hoping for an M&A wave. But optimistic outlooks should be tempered, said some deal lawyers.

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