Directors of non-profit organizations generally take their responsibilities seriously. But directors of non-profits are motivated by fulfilling the mission, often while facing serious financial pressures. All directors, including those of non-profits, are protected from lawsuits for breach of fiduciary duty … Continue reading
Category Archives: The Law
Sensata Technologies, a $3Billion New York Stock Exchange-listed manufacturer of sensors, grew last year through several acquisitions which added over $750,000,000 in revenue. Hans Lidforss, senior vice president of strategy and M&A, explained his approach at a May 21st Boston … Continue reading
Last week, I was speaker at a program at Massachusetts Continuing Legal Education, a Boston-based non-profit bringing new developments and best practices to members of the Bar. The discussion among panelists and attendees bubbled up a few interesting observations: First, … Continue reading
The Delaware Supreme Court on May 14th held that independent directors, who approved a going private transaction by which a controlling shareholder freezes out the minority, must be dismissed from shareholder litigation claiming inadequate price unless the complaint alleges specific … Continue reading
A few years ago, virtually all hospital patients in the United States were billed on a fee-for-service basis. Today at Beth Israel Deaconess Medical Center in Boston (a two billion dollar operation), only about one-third of patients are charged on … Continue reading
At business breakfasts, why do hotels put out huge bread baskets of rolls and buns when no one in a suit will touch them at that hour in the morning? What do they do with the untouched food, I wonder. … Continue reading
What do you do with an expanding young company, led by a visionary founder, when the time comes to replace that visionary with a CEO who has an eye on the “bottom line?” This and other knotty interpersonal issues, … Continue reading
The Supreme Court, by the end of June, must rule whether the State of Texas can refuse to grant a “specialty” license plate to the Sons of Confederate Veterans. Texas has a program to allow the names and logos of … Continue reading
Last Tuesday, the Supreme Court heard appeals from a decision which supported bans against same sex marriage in four states. The questions were: does the Constitution require all states to license same sex marriages and, if not, must a state … Continue reading
Last Wednesday, the U. S. Supreme Court heard the so-called “Death Penalty Case,” wherein prisoners on death row were claiming that the manner of death administered (in those jurisdictions which still had the death penalty) constitutes prohibited cruel and unusual … Continue reading