James Rockney

James Rockney

Reed Smith

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Delaware Court of Chancery Upholds Validity of Forum Selection Bylaws

On June 25, 2013, in a judicial development that should ease the burden of multi-jurisdiction litigation, Chancellor Leo E. Strine, Jr. of the Delaware Court of Chancery held that forum selection bylaws adopted by the...more

7/23/2013 - Bylaws Forum Forum Selection Clause Forum Shopping Jurisdiction Multidistrict Litigation

Using Pennsylvania Law to Defend the Heinz Merger with Berkshire Hathaway and 3G Capital

Over the past several years, shareholder litigation challenging mergers and acquisitions has become a virtual certainty in any sizeable deal. A recent decision from a state court in Pittsburgh illustrates how Pennsylvania law...more

6/5/2013 - Berkshire Hathaway Business Judgment Rule Corporate Governance Derivative Suit Fiduciary Duty Heinz Motion to Dismiss Shareholder Litigation

CFPB Investigates Captive Mortgage Reinsurance

The Consumer Financial Protection Bureau has entered into consent orders with four mortgage insurance companies involving captive reinsurance of mortgage insurance issued to mortgage lenders. Those consent orders impose fines...more

4/16/2013 - Captive Insurance Company CFPB Insurance Companies Investigations Lenders Mortgages Reinsurance RESPA

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