Background on Moonshot Award Practices -
In the years leading up to the slowdown in the IPO markets in late 2021, it had become increasingly common for high-growth technology companies to grant large equity incentive...more
On April 1, 2022, the Superior Court of California, County of Los Angeles granted the plaintiffs’ motion for summary judgment in a case challenging the legality of AB 979 under the California Constitution...more
4/5/2022
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Business Litigation ,
Constitutional Challenges ,
Corporate Counsel ,
Disclosure ,
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Governor Newsom ,
Institutional Shareholder Services (ISS) ,
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Motion for Summary Judgment ,
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State Constitutions
On November 17, 2021, the U.S. Securities and Exchange Commission adopted rules requiring the use of universal proxy cards in contested director elections as discussed in Release No. 34-93596 (the Adopting Release). Universal...more
11/30/2021
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Contested Elections ,
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Corporate Governance ,
Disclosure ,
New Rules ,
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Universal Proxy Cards
A new decision makes clear that parties should no longer expect the Delaware Court of Chancery to approve broad settlements of M&A class actions based on supplemental proxy disclosures. Chancellor Andre Bouchard issued a...more