Sara Bussiere

May 1, 2024 | businesslawtoday.org | Leona Yazdidoust |Leslie A. Berkoff |Sara Bussiere

CURRENT MONTH (April 2024)Delaware Court of Chancery Departs from Historical Practices and Awards Compounded Prejudgment InterestBy Leona YazdidoustIn Brown v. Court Square Capital Management, L.P., the Delaware Court of Chancery departed from tradition by awarding compound prejudgment interest to the plaintiff. Kevin Brown, a former partner at Court Square Capital Management, L.P. (“Court Square”), sued his former employer after it stopped paying him his share of carried interest.

Mar 26, 2024 | lexology.com | Sara Bussiere |Jason M. Halper |Ellen Holloman

On March 19, 2024, in a widely publicized decision, the New York Court of Appeals found that the Appellate Division, First Department erroneously dismissed claims asserted by Tax Equity Now NY LLC (TENNY) against New York City challenging the city’s property tax system for its unlawful discrimination against low-income and minority homeowners.

Feb 19, 2024 | natlawreview.com | Sara Bussiere

The SEC’s proposal to amend the “Names Rule,” first announced in May 2022, has elicited significant comment from industry. With these changes, the SEC’s goal is to improve standards of marketing by ensuring that funds are able to show that 80% of their holdings match the fund’s name. Over 100 companies and investors have submitted public comments ahead of the deadline next week, and the SEC reports holding 11 meetings with industry groups. Commentary is mixed.

Dec 18, 2023 | mondaq.com | Sara Bussiere

On November 30, 2023, the first day of COP28, nearly 190 countries finalized the terms for the framework of a loss and damage fund to assist developing countries to respond to harms caused by climate change. The fund was first announced at COP27 last year, along with the formation of a "transitional committee" to make recommendations on how to operationalize the funding arrangements.

Dec 12, 2023 | jdsupra.com | Sara Bussiere

On November 30, 2023, the first day of COP28, nearly 190 countries finalized the terms for the framework of a loss and damage fund to assist developing countries to respond to harms caused by climate change. The fund was first announced at COP27 last year, along with the formation of a “transitional committee” to make recommendations on how to operationalize the funding arrangements.