We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 200

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


Delaware Supreme Court holds that directors may not use equitable standing to pursue derivative actions
  • Alston & Bird LLP
  • USA
  • February 22 2008

A recent decision by the Delaware Supreme Court Schoon v. Smith, No. 554, 2008 Del. LEXIS 67 (Feb. 12, 2008) further reinforced a principle well entrenched in Delaware jurisprudence namely, that an individual who is a member of the board of directors cannot initiate a derivative suit on behalf of the corporation unless he or she complies with Section 327 of the Delaware General Corporation Law


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


President Obama creates Economic Recovery Advisory Board
  • Alston & Bird LLP
  • USA
  • February 6 2009

Today, President Barack Obama signed an executive order establishing the new Economic Recovery Advisory Board to provide a diverse and independent voice to the President as he formulates and implements his plans for economic recovery, essentially "additional eyes and ears" on economic issues


Countrywide derivative action dismissed because plaintiffs lacked standing
  • Alston & Bird LLP
  • USA
  • November 11 2008

In a recent decision by District Court for the District of Delaware, the court dismissed a shareholder derivative action brought by former shareholders of Countrywide Financial Corp. (CFC), which was based primarily on insider trading allegations against the CFC Board of Directors


IASB and FASB announce joint-initiative in response to the financial crisis
  • Alston & Bird LLP
  • USA, Global
  • March 30 2009

Last week, at a joint meeting held in London, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced that they would begin working "jointly and expeditiously towards common standards that deal with off-balance sheet activity and accounting for financial instruments"


President Obama urges passage of stimulus legislation and promises new bailout strategy from Treasury
  • Alston & Bird LLP
  • USA
  • January 31 2009

In his first weekly radio address since the Commerce Department announced that the U.S. gross domestic product shrank at an annual 3.8 rate in the fourth quarter, President Barack Obama urged Congress to pass the American Recovery and Reinvestment Plan, which was passed by the House on Wednesday and is due to be taken by by the Senate next week


Treasury releases Fifth Tranche Report to Congress
  • Alston & Bird LLP
  • USA
  • February 9 2009

On Friday, Treasury released its Fifth Tranche Report to Congress as required under section 105(b) of the Emergency Economic Stabilization Act of 2008


SEC approves PCAOB’s new related party auditing standard and other related amendments
  • Alston & Bird LLP
  • USA
  • November 11 2014

On October 21, 2014, the Securities and Exchange Commission (SEC) approved the rules proposed earlier this year by the Public Company Accounting


Loss duplication regulations finalized
  • Alston & Bird LLP
  • USA
  • October 1 2013

Nine years after enactment of Section 362(e)(2) and seven years after proposal of regulations, the Treasury issued final regulations, effective for