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In re Carvana: Demand is futile when directors are “thick as thieves” with beneficiary of misconduct

USA - November 22 2022 The Delaware Court of Chancery, in In re Carvana Co., No. 2020-0415-KSJM (Del. Ch. June 30, 2022), applied the recently adopted Zuckerberg test for…

Ryan Philp, Bill Regan, Allison M. Wuertz

Q2 2022 Quarterly Corporate / M&A decisions updates

USA - August 30 2022 Below is our Corporate / M&A decisions update covering decisions in the second quarter of 2022. This update is designed to highlight selected…

Elizabeth Cochrane, Lisa Femia, Christine Jiha, David R. Michaeli, Ryan M. Philp, Jon M. Talotta, William Winter, Allison Wuertz, Shannon Zhang

Lee v. Fisher: Circuit split on enforceability of forum-selection clauses

USA - August 22 2022 In Lee v. Fisher, 34 F.4th 777 (9th Cir. 2022), the Ninth Circuit affirmed the dismissal of a shareholder derivative suit against The Gap Inc. (Gap)…

David R. Michaeli, Ryan M. Philp, Allison Wuertz

Global Accountants' Liability Update - June 2022

Hong Kong, Netherlands, USA - July 1 2022 The Disciplinary Committee of the Hong Kong Institute of Certified Public Accountants (HKICPA) has sanctioned an Accounting firm, its engagement…

George A. Salter, Jessica Booij, Manon Cordewener, Chris Dobby, Dennis H. Tracey, III, Yolanda Lau, Hazel Law, Nigel Sharman, Allison Wuertz

Global Accountants' Liability Update - April 2022

Hong Kong, Netherlands, USA - April 26 2022 The Hong Kong Court of Appeal has denied An accountant’s appeal of a Disciplinary Committee of the Hong Kong Institute of Certified Public Accountants…

George A. Salter, Jessica Booij, Manon Cordewener, Chris Dobby, Dennis H. Tracey, III, Sophia Jaeger, Yolanda Lau, Hazel Law, Nigel Sharman, Allison Wuertz