Bumble Special Litigation Committee Seeks End to Chancery Case
Vice Chancellor J. Travis Laster did not rule from the bench on the motion, stating at the end of the hearing that he needed time to think about what to do considering the motion is seeking to end a stand-alone derivative case, not one that's been pending while a parallel securities class action has been resolved.
Trump Asks Supreme Court for OK to Fire Consumer Safety Officials Reinstated by Judge
"By reinstating three members to the five-member [Consumer Product Safety Commission], the district court transferred control of the agency from President Trump to three Commissioners who had been appointed by President Biden," the Justice Department told the Supreme Court in a new emergency filing.
How I Made Partner: 'Don't Underestimate the Importance of Honing Good Judgment,' Says David Niemeyer of Skadden
"The earlier you start thinking like a dealmaker, not just a technician, the faster you'll accelerate. Relatedly, don't underestimate the importance of honing good judgment. Technical skill will get you in the door but it's demonstrating sound judgment (knowing when to push, when to concede and how to read the room) that earns client trust and defines you as a true adviser. That only comes from paying close attention to how senior lawyers handle pressure, conflict and nuance."
US Judge Rules Apple Must Face 'Plausible' DOJ Smartphone Monopoly Lawsuit
"Plaintiffs have set forth adequate allegations of entry barriers ... that support Apple's monopoly power," U.S. District Judge Julien Xavier Neals of the District of New Jersey wrote in an opinion denying Apple's motion to dismiss the U.S. Department of Justice and state plaintiffs' smartphone monopolization case.
Exiting U.S. Steel Legal Chief to Reap Tens of Millions of Dollars From Company's Sale, Golden Parachute
"This is a classic corporate governance dilemma—aligning executive incentives with shareholder interests while guarding against conflicts of interest in transformative transactions like mergers and acquisitions," Lawrence Cunningham, director of the Weinberg Center for Corporate Governance at the University of Delaware.
Texas Updated Its Business Code. Here's What Corporate Litigators Still Want to Know.
A new law allows Texas corporations to set a minimum ownership threshold blocking certain minority shareholders from bringing derivative litigation. The law states that threshold can't be higher than 3%. It also allows companies to say that all internal disputes must be addressed in one particular venue—such as a business court—and to waive jury trials in those disputes.