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Results: 1-10 of 7,656

Some courts reject disclosure-only settlements, but New York court adopts different approach
  • Ropes & Gray LLP
  • USA
  • May 17 2017

In In re Trulia, Inc Stockholder Litigation Chancellor Bouchard rejected a proposed disclosure-only settlement of stockholder litigation challenging


Potential Liability for PE Firms and Directors When Preferred Stock Owned by a Controller-Sponsor Is Redeemed by a Non-Independent BoardAn Analysis of Hsu v. ODN and Related Practice Points
  • Fried Frank Harris Shriver & Jacobson LLP
  • USA
  • May 16 2017

In Frederic Hsu Living Trust v. ODN Holding Corporation (April 14, 2017, corrected April 25, 2017), Hsu, a common stockholder (and co-founder) of ODN


Chinese Hackers Fined for Hack of New York Law Firms
  • Hunton & Williams LLP
  • USA
  • May 16 2017

On May 5, 2017, the U.S. District Court for the Southern District of New York entered a default judgment in favor of the SEC against three Chinese


Delaware Court of Chancery Dismisses Breach of Fiduciary Duty and Quasi-Appraisal Claims
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • May 16 2017

Recently, the Delaware Court of Chancery dismissed a fiduciary duty claim and a request for a quasi-appraisal remedy in connection with the


Delaware Chancery Court Declines To Dismiss Acquiror’s Post-Closing Indemnification Claims In Light Of Contractual Ambiguity In Stock Purchase Agreement
  • Shearman & Sterling LLP
  • USA
  • May 16 2017

On May 3, 2017, Vice Chancellor Joseph R. Slights of the Delaware Court of Chancery declined to dismiss a lawsuit brought by the buyer of EMSI Holding


A New Reason for Private Equity Sellers to Hate Undefined “Fraud Carve-outs”
  • Weil Gotshal & Manges LLP
  • USA
  • May 16 2017

Undefined fraud carve-outs are ubiquitous in M&A agreements; and the problems they pose for private equity sellers are legion. Many of these problems


Delaware Chancery Court Dismisses Breach Of Fiduciary Duty And Quasi-Appraisal Claims Under Corwin
  • Shearman & Sterling LLP
  • USA
  • May 16 2017

On May 11, 2017, Chancellor Bouchard of the Delaware Court of Chancery dismissed with prejudice a putative class action brought by stockholders of


M&A Hot Topics - Quarterly Update (May 15, 2017)
  • Sullivan & Cromwell LLP
  • USA
  • May 15 2017

SEC Announces Enforcement Actions for Inadequate Disclosures: On February 14, 2017, CVR consented to the entry of a Cease-and-Desist Order, which


Words Matter: A Lesson in Pension Plan Interpretation
  • Conduent Legal and Compliance Solutions
  • USA
  • May 12 2017

A recent federal appeals court decision involving famed brewer Anheuser-Busch’s pension plan and the trigger for extra benefits is a perfect example


Transacting Business During a Corruption Investigation
  • Shearman & Sterling LLP
  • USA
  • May 11 2017

In recent years, government authorities have ever more rigorously pursued corruption. The number and magnitude of recent corruption investigations