Drew Hutchinson

1 week ago | news.bloomberglaw.com | Drew Hutchinson

Mention of CEO security in corporate filings rises to 34%Acceptance of hostile activism stokes concerns among security prosCompanies are spending record amounts to keep their top officers physically safe, reflecting an era of heightened security concerns.

3 weeks ago | news.bloomberglaw.com | Drew Hutchinson

Lerman’s departure meets ‘without cause’ provisionsCompany facing disappointing sales, continued labor issuesThe search is on for a new top lawyer at Starbucks. Bradley Lerman, Starbucks Corp.’s outgoing chief legal officer, is preparing to depart amid a leadership reshuffling and will help find his successor, remaining in his role until one has been chosen, CEO Brian Niccol said Wednesday in an open letter to employees.

3 weeks ago | news.bloomberglaw.com | Drew Hutchinson

CEO turnover has increased 15% from a year ago as boards search for new leaders to shepherd companies through uncertainty and executives use the end of the fiscal year to step away, according to a new report. Eight-hundred sixty chief executive officers left their post in the first four months of the year, up from 748 who exited during the same period last year, according to the Tuesday report from executive coaching firm Challenger, Gray & Christmas.

3 weeks ago | news.bloombergtax.com | Drew Hutchinson

A federal judge declined to throw out Republican-led states’ challenge to the Biden administration’s offshore oil leasing halt, finding it’s an active policy debate likely to draw more action. Though President Donald Trump has already undone his predecessor Joe Biden‘s leasing ban that spurred the five states’ lawsuit, the matter isn’t moot, according to a memorandum ruling filed May 30 in the US District Court for the Western District of Louisiana.

4 weeks ago | news.bloomberglaw.com | Drew Hutchinson

The Justice Department urged a federal judge to dismiss a preliminary injunction motion brought by a New York-led coalition of states over the Trump administration’s offshore wind approval pause, saying the states lack standing to sue and failed to show they’d suffer concrete harm.