News & Analysis as of

Motion to Dismiss Grants

Skadden, Arps, Slate, Meagher & Flom LLP

"Fairness of Director Awards Granted Under Market-Standard Equity Plans Comes Under Increased Scrutiny"

A Delaware court opinion issued late last week may subject equity grants to directors to increased judicial scrutiny (Calma v. Templeton, No. 9579-CB (Del. Ch. Apr. 30, 2015)). In Calma, the Chancery Court denied the...more

Akin Gump Strauss Hauer & Feld LLP

DOJ Fires Back in SolarCity Cash Grant Litigation Motion to Dismiss Battle

On August 12, the Department of Justice filed a brief in response to the plaintiffs’ opposition to DOJ’s motion to dismiss. A copy of the brief is available here. The plaintiffs are special purpose entities that invested in...more

Akin Gump Strauss Hauer & Feld LLP

Brief in “SolarCity” Cash Grant Litigation Provides Insight into Strategy

Covington & Burling’s reply brief to the government’s brief in support of its motion to dismiss provides insight into SolarCity’s strategy. The complaint appears to be as much about providing SolarCity with leverage in...more

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