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Sep 19, 2024 | 
lexology.com | Jonathan H. Ashtor |Andre Bouchard |André Bouchard |Geoffrey R. Chepiga |Benjamin Goodchild |Laura C. Turano | +2 more
arties negotiating and drafting contingent value right (“CVR”) provisions in acquisition agreements. In Shareholder Representatives LLC v.
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Sep 19, 2024 | 
today.westlaw.com | Benjamin Goodchild |Geoffrey R. Chepiga |Krishna Veeraraghavan |Jonathan H. Ashtor
(October 14, 2024) - Paul, Weiss, Rifkind, Wharton & Garrison LLP attorneys Benjamin Goodchild, Geoffrey Chepiga, Krishna Veeraraghavan and Jonathan Ashtor discuss a decision that found a pharmaceutical company's buyer liable for failing to use commercially reasonable efforts when it stopped development of a drug. In a recent post-trial opinion, the Court of Chancery provides helpful guidance to parties negotiating and drafting contingent value right ("CVR") provisions in acquisition agreements.
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May 24, 2024 | 
lexology.com | H. Christopher Boehning |Walter Brown |Geoffrey R. Chepiga |Andrew J. Ehrlich |Andrew Gordon |Gregory F. Laufer | +2 more
On May 16, 2024, the Supreme Court unanimously held in Smith v. Spizzirri, No. 22-1218, 601 U.S. __ (May 16, 2024), that the Federal Arbitration Act (FAA) requires district courts to stay litigation subject to a potential arbitration, rather than dismiss such claims. The decision requires district courts to retain jurisdiction over a matter that is subject to arbitration, which has important implications for which court will ultimately supervise and/or confirm or vacate an arbitration award.
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Apr 23, 2024 | 
lexology.com | Geoffrey R. Chepiga |Andrew J. Ehrlich |David Friedman |Jaren Janghorbani |Brad S. Karp |Daniel Kramer | +3 more
On April 15, 2024, the Seventh Circuit issued an opinion written by Judge Frank H. Easterbrook in Alcarez v.
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Jan 11, 2024 | 
lexology.com | Susanna M. Buergel |Geoffrey R. Chepiga |Yahonnes Cleary |Andrew J. Ehrlich |Daniel Kramer
On December 26, 2023, the Second Circuit in In re Philip Morris Int’l Inc. Securities Litigation issued a decision on two matters of first impression relating to falsity in the securities fraud context.
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Aug 1, 2023 | 
corpgov.law.harvard.edu | André Bouchard |Geoffrey R. Chepiga |Jaren Janghorbani
Andre G. Bouchard, Geoffrey R. Chepiga, and Jaren Janghorbani are Partners at Paul, Weiss, Rifkind, Wharton & Garrison LLP. This post is based on a Paul Weiss memorandum by Mr. Bouchard, Mr. Chepiga, Ms. Janghorbani, Frances F. Mi, Jason S. Tyler, and Cara Grisin Fay, and is part of the Delaware law series; links to other posts in the series are available here. In Anderson v.
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Jul 14, 2023 | 
lexology.com | André Bouchard |Geoffrey R. Chepiga |Jaren Janghorbani |Kyle Seifried |Laura C. Turano |Krishna Veeraraghavan | +2 more
In Anderson v. Magellan Health, Inc., the Delaware Court of Chancery drastically reduced a plaintiff’s mootness fee request and held, in an opinion by Chancellor McCormick, that, moving forward, plaintiffs can justify a mootness fee only if they obtain supplemental disclosures that are “plainly material.” In so holding, the court split with prior Court of Chancery precedent requiring that such disclosures be merely “helpful” to support a mootness fee.
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Feb 13, 2023 | 
lexology.com | Walter Brown |Roberto Finzi |Harris Fischman |Michael E. Gertzman |Melinda Haag |Joshua Hill Jr. | +5 more
On February 3, 2023, the SEC reached a novel $35 million settlement with Activision Blizzard, Inc., one of the world’s largest video game developers and publishing companies, to resolve allegations that the company failed to maintain controls and procedures to ensure the adequacy of disclosures it made related to human capital in SEC filings.
