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Results: 1-10 of 190

Individual members of LLC personally liable for torts committed in furtherance of the LLC’s business

  • Alston & Bird LLP
  • -
  • USA
  • -
  • June 20 2012

In the South Carolina case of 16 Jade Street, LLC v. R. Design Construction Company, the court wrestled with the scope of protection from tort liability provided to individual members of a limited liability company

Sixth Circuit locks the door on ERISA class action in Taylor v. Keycorp

  • Alston & Bird LLP
  • -
  • USA
  • -
  • June 6 2012

On May 25, 2012, the United States Court of Appeals for the Sixth Circuit affirmed the dismissal of a class representative’s putative ERISA class action against KeyCorp and related defendants because the proffered “class representative” could not demonstrate that she suffered any actual injury from the alleged breach of fiduciary duty and, therefore, lacked standing

Cybersecurity: what directors need to know in an era of increased scrutiny

  • Alston & Bird LLP
  • -
  • USA
  • -
  • August 6 2014

"Boards that choose to ignore, or minimize, the importance of cybersecurity responsibility do so at their own peril." SEC Commissioner Luis A

Increased risks to disclosure of proprietary information and trade secrets presented by new California environmental legislation

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 18 2010

Product design and manufacture used to be functions that a company could conduct internally, and in so doing, protect valuable proprietary processes and trade secret information from public disclosure

The attractive C corporation

  • Alston & Bird LLP
  • -
  • USA
  • -
  • September 2 2014

In August a major energy company announced that the corporate managing partner would tender to buy out the publicly traded interests in its master

General Motors fails to consummate $27.2 billion exchange offers for public notes

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 27 2009

Today, General Motors (GM) announced that, following last evening's expiration of its exchange offers for $27.2 billion of its unsecured public notes and the related consent solicitations, "the principal amount of notes tendered was substantially less than the amount required by GM to satisfy the debt reduction requirement under its loan agreements with the U.S. Department of the Treasury, to meet the debt reduction objectives under its Viability Plan, or to meet the minimum tender condition of the exchange offers as required by the U.S. Treasury."

Manchester United ruling?

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 22 2012

LTR 201242007 is a section 351 ruling with a public offering: not a busted 351, but a good 351

GAO issues new TARP report

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 3 2009

Yesterday, the Government Accountability Office (GAO) released a new report on the Troubled Asset Relief Program (TARP) entitled "Continued Stewardship Needed as Treasury Develops Strategies for Monitoring and Divesting Financial Interests in Chrysler and GM."

North-South spinoffs

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 9 2012

A North-South spinoff is a section 355 distribution that is accompanied by a contribution of property from the shareholder to the Distributing corporation

Special Master for TARP Executive Compensation makes determinations regarding compensation structures for certain executive officers and most highly compensated employees 26 100 of four TARP recipients

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 11 2009

Treasury announced today that the Special Master for TARP Executive Compensation, Kenneth R. Feinberg, released letters to four of the remaining six firms that received exceptional assistance under the Troubled Assets Relief Program (AIG, Citigroup, GM and GMAC) giving his determinations on the compensation structures for the firms’ 26 100 most highly compensated employees and executive officers who were not subject to the Special Master's October 22, 2009 decisions (“Covered Employees”