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Oct 22, 2024 | 
friedfrank.com | Gail Weinstein |Philip Richter |Steven Epstein |Steven J. Steinman |Thomas Lee |Roy Tannenbaum
Articles | October 22, 2024 The M&A Lawyer republished a Fried Frank client memorandum coauthored by special counsel Gail Weinstein and partners Philip Richter, Steven Epstein, Steven J. Steinman, Thomas Lee and Roy Tannenbaum discussing the Delaware Court of Chancery’s most recent decision in Bandera Master Fund LP v. Boardwalk Pipeline Partners LP. Click here to read the article.
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Jul 1, 2024 | 
lexology.com | Thomas Lee |Bryan Keyt |Merrit Jones |John Kindschuh
SUMMARYManufacturers, distributors, and retailers of consumer products across a broad spectrum of industries are being impacted by laws regulating the presence of per- and polyfluoroalkyl substances (“PFAS”) in their products. This area is rapidly developing as states create new laws or amend existing ones, and the penalties and litigation risks for non-compliance can be significant.
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Jan 19, 2024 | 
lexology.com | Liza Andrews |Bret T. Chrisope |Adam Cohen |Andrew J. Colosimo |Steven Epstein |Christopher Ewan | +26 more
In Paul v. Rockpoint Group, LLC (Jan. 9, 2024), the Delaware Court of Chancery addressed the alternative dispute resolution mechanism set forth in a fund manager’s LLC agreement for calculating the share of proceeds to which a former managing partner was entitled upon the funds’ sale of portfolio companies.
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Jan 19, 2024 | lexology.com | Liza Andrews |Bret T. Chrisope |Adam Cohen |Andrew J. Colosimo |Steven Epstein |Christopher Ewan | +26 more
In Paul v. Rockpoint Group, LLC (Jan. 9, 2024), the Delaware Court of Chancery addressed the alternative dispute resolution mechanism set forth in a fund manager’s LLC agreement for calculating the share of proceeds to which a former managing partner was entitled upon the funds’ sale of portfolio companies.
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Jan 11, 2024 | 
lexology.com | Liza Andrews |Bret T. Chrisope |Adam Cohen |Andrew J. Colosimo |Steven Epstein |Christopher Ewan | +26 more
In Chordia v. Lee (Jan. 4, 2023), the Delaware Court of Chancery interpreted a Stockholders’ Agreement (the “Agreement”), between Alphonso Inc. (the “Corporation”) and its founders and other key stockholders (the “Key Holders”), which had been entered into in conjunction with the acquisition of a majority stake in the Corporation by LG Electronics (“LGE”).
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Jan 11, 2024 | lexology.com | Liza Andrews |Bret T. Chrisope |Adam Cohen |Andrew J. Colosimo |Steven Epstein |Christopher Ewan | +26 more
In Chordia v. Lee (Jan. 4, 2023), the Delaware Court of Chancery interpreted a Stockholders’ Agreement (the “Agreement”), between Alphonso Inc. (the “Corporation”) and its founders and other key stockholders (the “Key Holders”), which had been entered into in conjunction with the acquisition of a majority stake in the Corporation by LG Electronics (“LGE”).
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Dec 18, 2023 | 
lexology.com | Liza Andrews |Bret T. Chrisope |Adam Cohen |Steven Epstein |Christopher Ewan |Arthur Fleischer Jr. | +24 more
Earlier this year, in its McDonald’s decision, the Court of Chancery established for the first time that not only corporate directors but also officers have oversight duties under Caremark. In Segway v. Cai (Dec. 14, 2003), the court, for the first time since McDonald’s, has addressed officers' Caremark duties. Key PointsThe court confirmed that the same high bar to pleading a Caremark claim against a director also applies to pleading such a claim against an officer.
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Dec 18, 2023 | lexology.com | Liza Andrews |Bret T. Chrisope |Adam Cohen |Steven Epstein |Christopher Ewan |Arthur Fleischer Jr. | +24 more
Earlier this year, in its McDonald’s decision, the Court of Chancery established for the first time that not only corporate directors but also officers have oversight duties under Caremark. In Segway v. Cai (Dec. 14, 2003), the court, for the first time since McDonald’s, has addressed officers' Caremark duties. Key PointsThe court confirmed that the same high bar to pleading a Caremark claim against a director also applies to pleading such a claim against an officer.
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Apr 23, 2023 | 
bluemountaineagle.com | Thomas Lee
By Thomas Lee This intriguing nugget in the company's annual proxy statement points to ongoing controversy over pay for executives, including CEO Andy Jassy. Amazon Inc. reports first quarter earnings on Thursday. Before that, the company recently released its annual proxy statement that includes a proposal on holding a vote on how often to vote.
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Apr 23, 2023 | 
newsbreak.com | Thomas Lee
Oprah is accused of building giant WALL near her $100M Montecito compound to protect from flooding
