The Seventh Circuit recently analyzed when a party has a right to a jury trial for claims of aiding and abetting breaches of fiduciary duties arising out of a merger. The Court acknowledged that the Delaware-law claims at...more
Venture capital and other private funding sources continue to be an important pathway for financing early-stage companies. Unfortunately some startups that raised money did so by misrepresentation and in certain cases fraud,...more
As the Coronavirus pandemic further envelops the United States, many state and local governments enacted stay in place restrictions which limit routine personal and business activities. Despite those orders, a myriad of...more
Under Title IV, Section 4003 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), eligible businesses can seek loans from the Secretary of the Treasury to help overcome the financial hardships faced as...more
3/30/2020
/ Business Closures ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Lenders ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Tax Relief ,
Unemployment Insurance
The coronavirus pandemic is no doubt an unprecedented event in the lives of most Americans today. Like U.S. businesses, the U.S. court system has been impacted by the seemingly draconian measures under which society is...more
The response to the coronavirus pandemic is truly unprecedented. No company or board could anticipate that local, state, and federal officials would take draconian action like shutting down schools, restaurants, bars, and...more
Under the traditional model of corporate governance, boards of directors owe fiduciary duties to one group, and one group only — the company’s shareholders — to maximize the value of their shares. But, times are changing. In...more
8/20/2019
/ Board of Directors ,
Compliance ,
Corporate Governance ,
Corporate Social Responsibility ,
Delaware General Corporation Law ,
Fiduciary Duty ,
Institutional Investors ,
Legislative History ,
Shareholder Activism ,
Shareholder Litigation ,
Shareholders