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Dec 6, 2024 | 
jdsupra.com | Anita Bandy |Arthur Bookout |James Carroll
Spotlight Automotive Cybersecurity and Data Privacy E-Commerce Energy Financial Institutions Financial Services Life Sciences and Health Care M&A Web3 and Digital AssetsSpotlightSupreme Court Mulls What PSLRA’s Particularity Standard RequiresContributing Partners: Mark R.S. Foster and Virginia F.
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Oct 2, 2024 | 
jdsupra.com | Anita Bandy |Arthur Bookout |James Carroll
Aerospace Cannabis Food and Beverage Life Sciences and Health Care Media and Entertainment M&A SEC SPACs TechnologyAerospaceNinth Circuit Affirms Dismissal of Insider Trading Claims Against Satellite Operator Investors Based on Stock Sales After FCC Chairman VoteIn re Silver Lake Grp., LLC Sec. Litig. (9th Cir.
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Jul 25, 2024 | 
corpgov.law.harvard.edu | Arthur Bookout |Joseph Larkin |Jenness Parker
Board of Directors, Delaware Court of Chancery, Kellner v. AIM Immunotech Inc., Supreme CourtMore from: Arthur Bookout, Jenness Parker, Joseph Larkin, SkaddenArthur R. Bookout, Joseph O. Larkin and Jenness E. Parker are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Bookout, Mr. Larkin, Ms. Parker, and Gregory P. Ranzini and is part of the Delaware law series; links to other posts in the series are available here.
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Jun 30, 2024 | 
corpgov.law.harvard.edu | Arthur Bookout |Edward Micheletti
delaware, Delaware law, disclosures, M&A, MFWMore from: Arthur Bookout, Edward Micheletti, SkaddenArthur R. Bookout and Edward B. Micheletti are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum and is part of the Delaware law series; links to other posts in the series are available here.
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Jun 26, 2024 | 
jdsupra.com | Arthur Bookout |Edward Micheletti
The Delaware Supreme Court recently issued two opinions weighing in on the scope of disclosures involving board advisors in connection with M&A transactions that warrant close attention. In both rulings — each written en banc — the Delaware Supreme Court reversed the lower courts’ dismissals of all claims because (among other reasons) certain material information about the target companies’ advisors was not disclosed.
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Jun 25, 2024 | 
jdsupra.com | Arthur Bookout |Edward Micheletti
In January 2022, Vice Chancellor Lori Will of the Delaware Court of Chancery issued a groundbreaking opinion in In re MultiPlan Corp. Stockholders Litigation that paved the way for SPAC stockholders to bring direct breach of fiduciary duty claims against SPAC boards and sponsors. In the ruling, the court clarified that “well-worn fiduciary principles” under Delaware law would apply to SPAC board decisions.
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Jun 24, 2024 | 
today.westlaw.com | Arthur Bookout |Edward Micheletti
(July 02, 2024) - Arthur Bookout, Edward Micheletti and Peyton Carper of Skadden, Arps, Slate, Meagher & Flom LLP discuss the Delaware Chancery Court's opinion in In Re Hennessy Capital Acquisition Corp. IV Stockholder Litigation, which dismissed a breach-of-fiduciary-duty claim against a special purpose acquisition company's directors. In January 2022, Vice Chancellor Lori Will of the Delaware Court of Chancery issued a groundbreaking opinion in In re MultiPlan Corp.
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May 23, 2024 | 
jdsupra.com | Anita Bandy |Arthur Bookout |James Carroll
Spotlight Cryptocurrency Financial Institutions Life Sciences and Health Care M&A Media and Entertainment Real Estate Retail SECSpotlightMacquarie Ruling Raises the Bar for Securities Fraud Claims This article was originally published April 17, 2024, on Law360. Key Points On April 12, 2024, the U.S. Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners LP.
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May 22, 2024 | 
lexology.com | Anita Bandy |Arthur Bookout |James Carroll |Christopher Clark |Eben P. Colby |Abigail Davis | +27 more
Key PointsOn April 12, 2024, the U.S. Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners LP.
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Jan 16, 2024 | 
corpgov.law.harvard.edu | Edward Micheletti |Arthur Bookout
Caremark, con ed, Court of Chancery, delaware, Oversight, Revlon, SPACMore from: Arthur Bookout, Edward Micheletti, SkaddenEdward B. Micheletti is a Partner and Arthur R. Bookout is Counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum and is part of the Delaware law series; links to other posts in the series are available here.
