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By Margaret A. Dale and Mark D. Harris | March 15, 2023
In a recent decision by Vice Chancellor J. Travis Laster of the Delaware Court of Chancery, the former is called the "Red-Flags Theory" of liability, as set forth in In re Caremark International Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996), while the latter is called the "Massey Theory" of In re Massey Energy, 2011 WL 2176479 (Del. Ch. May 31, 2011
7 minute read
Delaware Business Court Insider
By R. Eric Hacker | March 15, 2023
A recent case, Soligenix v. Emergent Product Development Gaithersburg, called upon the Court of Chancery to answer the related questions of whether arbitration materials automatically qualify for confidential treatment under Court of Chancery Rule 5.1.
6 minute read
By Maxwell Briskman Stanfield and Diana C. Bruce | March 9, 2023
Through this legislation, the "Associations Code"—Title 15 of the Pennsylvania Consolidated Statues—was updated to account for certain changes in connection therewith. The most notable is the annual reporting requirements for certain entities, which we will break down here, along with other major changes.
4 minute read
By Dan Roe | March 8, 2023
Gross revenue fell 10.5% in 2022 after rising 34.5% in 2021 as demand for structured products work plummeted in the second half of the year.
4 minute read
Delaware Business Court Insider
By Mark E. Felger and Simon E. Fraser | March 8, 2023
Chancellor Kathaleen St. Jude McCormick, sitting by designation on the Delaware Superior Court, recently issued an opinion that should serve as a reminder of the harsh consequences that a party may suffer if it fails to properly preserve evidence in the lead-up to litigation.
9 minute read
By Dan Roe | March 6, 2023
The global law firm increased gross revenue by 12.4% and head count by 10.7% without reducing RPL or PEP.
6 minute read
Delaware Business Court Insider
By Richard L. Renck | March 1, 2023
The Delaware's Court of Chancery recently issued its memorandum opinion in Hightower Holding v. Gibson, addressing the applicability of a Delaware choice-of-law clause in certain agreements that contained restrictive covenants, including a covenant not to compete.
6 minute read
Delaware Business Court Insider
By Nathaniel J. Stuhlmiller and Daniel S. Barrow | March 1, 2023
In Lordstown, the court makes clear that Section 205 of the Delaware General Corporation Law (the DGCL) is available as an equitable, efficient, and effective judicial path to validate certificates of incorporation and shares issued in reliance thereon that, following the Boxed opinion, were the subject of some uncertainty.
8 minute read
By Dan Roe | February 28, 2023
The Cleveland-founded Am Law 100 firm surpassed $900 million in gross revenue last year but saw net income fall 5.8%.
5 minute read
By Jane Wester | February 24, 2023
The criminal division policy was revised and the U.S. attorneys' policy was created in response to Deputy Attorney General Lisa Monaco's September memorandum instructing each DOJ component to develop and publish a voluntary self-disclosure policy.
5 minute read
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