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Results: 1-10 of 13

Claims for corporate indemnification and piercing the corporate veil not mutually exclusive

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 26 2012

The US Court of Appeals for the Second Circuit reversed a district court decision holding that a plaintiff could not simultaneously seek indemnification from his corporate employer and also seek to pierce that corporation’s veil

Delaware Chancery Court holds that former employees are not indispensible parties to litigation

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 27 2012

The Court of Chancery for the State of Delaware recently rejected an effort to dismiss an unfair competition employee raiding lawsuit against a Delaware corporation on the theory that the departing employees, who were not named as defendants, were indispensible parties to the action

SEC adopts final rules requiring listing standards for compensation committees and advisers

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 21 2012

On June 20, the Securities and Exchange Commission adopted a final rule that requires national securities exchanges to adopt listing standards regarding the independence of compensation committees and compensation advisers of public companies

Member of LLC not an employer under the Fair Labor Standards Act

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 9 2012

In the first Federal appellate decision to address the issue head on, the U.S. Court of Appeals for the Fifth Circuit last week held that an individual is not personally liable as an “employer” under the Fair Labor Standards Act (FLSA) merely by their status as an LLC member

Fiduciary duty claim survives against non-officer

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 17 2010

A federal court in Kentucky recently ruled that a former manager at a medical device manufacturer could be liable for breach of fiduciary duty for planning to start a rival business while working at the company despite not serving as either an officer or director of the firm

Third Circuit holds that non-compete clauses survive a change in corporate ownership

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 29 2010

The U.S. Court of Appeals for the Third Circuit has held that a non-compete clause is enforceable by a corporation after it has undergone “a substantial change in stock ownership.”

RiskMetrics releases 2010 compensation and corporate governance policy guidelines

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 14 2009

RiskMetrics Group (RMG, fka ISS) recently published its policy guidelines on executive compensation and corporate governance for the 2010 proxy season

Executive compensation remains in Congress’s crosshairs

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 9 2009

Last week, executive compensation turned up in an unlikely place the Senate Finance Committee’s health care reform bill

Special Master to review TARP executive pay plans

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 21 2009

Special Master Kenneth Feinberg will review proposed executive compensation plans received by the U.S. Treasury Department from seven companies that received exceptional federal assistance under the Troubled Asset Relief Program (TARP) during the past year

House Committee approves “say on pay” legislation

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 31 2009

On July 28, the House of Representatives Financial Services Committee approved legislation that would give shareholders of publicly traded companies a non-binding advisory vote on the compensation of such companies’ named executive officers at annual meetings of shareholders to elect directors