A United States Bankruptcy Court has just decided a case indicating the possibility of individual director and officer liability where a bankrupt company had failed to provide advance notice of an intention to reduce staff. The case arose under the … Continue reading
Category Archives: The Law
Those acquainted with the musical show “Guys and Dolls” know that the key question on the lips of every wise-guy with a pair of shaved dice in his pocket is, “who’s got the action?” Which leads us to a comment … Continue reading
The biggest problem in combating medical device cyber-attacks is not technological, it is the secretive reaction of med device companies when confronted with evidence that their devices can be hacked, leading to a refusal to disclose any information about the … Continue reading
You might want to take a look at recent developments in the Delaware law relating to the liability of corporate directors in case of a freeze out merger or other self-interested transaction. You can start by taking a look at … Continue reading
All over the morning press, and the buzz in morning email traffic: the SEC is slated to adopt today a disclosure rule requiring larger domestic public companies to disclose the ratio of the compensation of their CEO to the median earnings … Continue reading
Rumors of the impending death of Delaware as the State of choice for forming business entities are, as they say, greatly exaggerated. This notwithstanding the petulant piece on the front page of WSJ yesterday where some larger corporations, incorporated in … Continue reading
Long time without a post; summer doldrums and vacations. However while some of us bask in the sun, the SEC never sleeps. Those who follow the case law about insider trading know that recent court decisions have been confusing about … Continue reading
The SEC is active today on the regulatory side, although they still have not delivered some key items on their overdo agenda, notably Federal crowd funding. The States are stealing their thunder on that front, although usually under the intra-state Federal … Continue reading
Diligence is complete and your acquisition deal has been signed and closed. Your company has acquired its target. What do you do next? This was the second topic discussed by the panel at the NACD/New England M&A program held June … Continue reading
How does a board of directors, faced with a pending acquisition which has management enthused, discharge its duties to shareholders? This discussion was one topic at the June 9th meeting of the New England Chapter of the National Association of … Continue reading