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Vinson & Elkins LLP

Delaware Supreme Court Holds MFW Requires Entirely Independent Committee

Vinson & Elkins LLP on

Thursday, in a much anticipated decision, the Delaware Supreme Court held in In re Match Group, Inc. Derivative Litigation1 that every member of a special committee must be independent in order to satisfy the MFW2 framework...more

Cozen O'Connor

Corporate Transparency Act—Does It Apply to New York Cooperatives and Condominiums?

Cozen O'Connor on

The new year rang in new requirements for business entities that are created by the filing of a document with the secretary of state, including cooperatives (coops) and perhaps condominiums (condos), to report personal...more

Hahn Loeser & Parks LLP

Existing Businesses Should Start Preparing for the CTA Now

Hahn Loeser & Parks LLP on

The Corporate Transparency Act (“CTA”) takes effect January 1, 2024, and brings with it significant new reporting requirements for most privately-owned businesses operating in the United States by requiring the disclosure of...more

Faegre Drinker Biddle & Reath LLP

A Director’s Mission: Understanding, Monitoring and Accurately Reporting Mission Critical Operations

On October 1, 2019, the Court of Chancery rendered an opinion in In re Clovis Oncology, Inc. Derivative Litigation, denying a motion to dismiss a Caremark claim for breach of fiduciary duty and reinforcing a director’s duty...more

Dorsey & Whitney LLP

SEC Names Company, Eight Directors and Officers In Financial Fraud Actions

Dorsey & Whitney LLP on

Since the market crisis enforcement officials have heard repeated calls to prosecute not just companies but high ranking corporate officials. While the Commission brought a series of market crisis actions against firms and...more

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