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59 results found

Article

Fox Rothschild LLP | USA | 27 Aug 2016

Chancery partially grants motion to dismiss regarding waiver claim

The doctrine of waiver is fairly straightforward. Its application, on the other hand, can prove to be not so simple. The recent decision of Stephen W

Article

Fox Rothschild LLP | USA | 8 Jun 2016

New board of directors allowed to review derivative complaint

The recent decision of Park Employees and Retirement Board Employees’ Annuity and Benefit Fund of Chicago v. Smith, C.A. No. 11000-VCG (May 31, 2016)

Article

Fox Rothschild LLP | USA | 3 Feb 2013

Arguably poor business judgment, without more, does not excuse demand in derivative action

In the case of Freedman v. Adams, et al., No. 230, 2012 (Del. Supr., Jan. 14, 2013), the Delaware Supreme Court considered on appeal whether a

Article

Fox Rothschild LLP | USA | 30 Nov 2011

Interclick, Inc.'s board of directors sued in class action complaint

In the case of Siamak “Sam” Elghanian v. Interclick, Inc., et al., C.A. No. 7066 (Del. Ch. 2011), the shareholders of interclick, Inc. (“interclick”) filed a class action complaint arising out of a decision of Interclick’s board of directors to facilitate a sale of interclick to Yahoo! Inc.

Article

Fox Rothschild LLP | USA | 1 Nov 2011

Will JASA become more forthcoming in disclosing its substantial losses and risks from investing with Madoff? - Installment 62

Installment 61 of this blog series on Madoff discussed the $5.2 million clawback lawsuit (the “JASA Lawsuit”) recently filed by Trustee Irving Picard against Jewish Association for Services for the Aged (“JASA”), reaffirming the perplexing and inconsistent manner, virtually to the point of arbitrariness and unfairness, with which Picard has handled charities that invested with Madoff.

Article

Fox Rothschild LLP | USA | 31 Oct 2011

Amendments to Delaware General Corporation Law brings clarity to nonstock corporations

In August 2010, Delaware enacted several amendments to the Delaware General Corporation Law (“DGCL”) in connection with nonstock corporations.

Article

Fox Rothschild LLP | USA | 21 Oct 2011

Can Picard pull off a squeeze play by using his $5.2 million lawsuit against JASA to place pressure on Saul Katz of the Mets?

A continuing theme of this blog series on Madoff has been the perplexing and inconsistent manner, virtually to the point of arbitrariness and unfairness, with which Trustee Irving Picard has handled charities that invested with Madoff.

Article

Fox Rothschild LLP | USA | 11 Oct 2011

Beware! No one is immune from discrimination suits

The gender discrimination and “actual or perceived” disability lawsuit recently filed against the management law firm of Proskauer Rose by its longtime CFO should be a warning to all employers -- no one is immune from a discrimination suit.

Article

Fox Rothschild LLP | USA | 27 Sep 2011

The bad business of handshake contracts

I frequently have the opportunity to speak with young physicians finishing their residencies and fellowships.

Article

Fox Rothschild LLP | USA | 2 Sep 2011

A flurry of pro-union activity for Labor Day

In honor of Labor Day, I wanted to devote this blog post to a recent flurry of pro-union activity.

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