Deal Lawyers

FEBRUARY 6, 2025

Ares Corporate Opportunities Fund (Del. 2/24), Chancellor McCormick addressed a shareholder challenge to the April 2019 acquisition of Smart & Final Stores by Apollo on the basis that Smart & Finals former controller-sponsor, Aress need for liquidity caused it to favor a deal, even at a suboptimal price, […]

Corporation

Cooley M&A

JANUARY 7, 2019

As 2019 kicks off, the Cooley antitrust group highlights 10 recent developments and trends corporate counsel should be aware of – from the US Supreme Court and lower courts, the Department of Justice and Federal Trade Commission and enforcers around the world – that are likely to impact businesses this year and beyond.

Corporation

Cooley M&A

JANUARY 24, 2020

In the wake of record-setting volume and value metrics in 2018, practitioners eyed the 2019 deal market with healthy skepticism. Despite a slight downward tick in momentum and overall deal statistics, 2019 remained a robust, dynamic and competitive market with tech deals outpacing other sectors in both volume and critical features.

M&A

The New York Times: Mergers, Acquisitions and Dive

JANUARY 23, 2024

The aircraft company is paying the price for a shift in its corporate culture made decades ago.

Corporation

Shearman & Sterling

MAY 7, 2019

On April 30, 2019, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery held that plaintiff Freeman Family LLC ("Freeman"), a member of Park Avenue Landing LLC (the "Company"), is entitled to advancement pursuant to Delaware corporate case law. April 30, 2019). Freeman Family LLC v.

Corporation

Shearman & Sterling

MARCH 5, 2019

On February 12, 2019, Vice Chancellor Joseph R. Plaintiff sought the records pursuant to Delaware General Corporation Law Section 220, 8 Del. Tempur Sealy Int'l Inc., Tempur Sealy Int'l Inc., 2018-0336-JRS (Del. § 220, purportedly to investigate breaches of fiduciary duty by the board.

Corporation

Peak Frameworks

SEPTEMBER 19, 2023

In the world of finance and corporate responsibility, two terms frequently arise: "stakeholder" and "shareholder." A shareholder is an individual or entity that owns shares or stock in a corporation. What is a Shareholder? By virtue of their ownership, they possess a direct financial interest in the company's success.

Corporation

The TRADE

JANUARY 9, 2024

The ‘corporate and investment banking: spending priorities’ report from Coalition Greenwich assessed the performance of the 12 largest corporate and investment banks (by revenue) globally since 2018, which comprised banks including: Bank of America, Deutsche Bank, JP Morgan, UBS, HSBC, and Citi.

Banking

Shearman & Sterling

NOVEMBER 19, 2019

On November 14, 2019, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery rejected a demand by stockholders of Occidental Petroleum Corporation under Section 220, 8 Del. § 220, for documents and information relating to the corporation's acquisition of Anadarko Petroleum and related transactions.

S&P

Shearman & Sterling

MAY 7, 2019

On April 30, 2019, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery held that plaintiff Freeman Family LLC ("Freeman"), a member of Park Avenue Landing LLC (the "Company"), is entitled to advancement pursuant to Delaware corporate case law. April 30, 2019). Freeman Family LLC v.

Corporation

Shearman & Sterling

MARCH 5, 2019

On February 12, 2019, Vice Chancellor Joseph R. Plaintiff sought the records pursuant to Delaware General Corporation Law Section 220, 8 Del. Tempur Sealy Int'l Inc., Tempur Sealy Int'l Inc., 2018-0336-JRS (Del. § 220, purportedly to investigate breaches of fiduciary duty by the board.

Corporation

Cleary M&A and Corporate Governance Watch

MAY 12, 2023

In a recent decision, the Delaware Court of Chancery grappled with the question whether—and to what extent—claims for breach of fiduciary duty can be waived ex ante in a corporate shareholder agreement. Specifically, in New Enterprise Associates 14 LP v. in the case of fraud). [3] This view is not entirely accurate.

Corporation

Wizenius

APRIL 14, 2023

In 2019, Apple had $108 billion in cash reserves and issued $7 billion in debt. million This means that the company can reduce their taxable income by $1.75 million, resulting in a lower tax bill. One real company example of using tax shield is Apple Inc.

Corporate Finance

Shearman & Sterling

JUNE 11, 2019

On May 30, 2019, Vice Chancellor Joseph R. May 30, 2019). Slights III of the Delaware Court of Chancery granted a stockholder demand to inspect Facebook's books and records in connection with their Caremark claims arising from alleged data privacy breaches. In re Facebook, Inc. Section 220 Litig., 2018-0661-JRS (Del.

Corporation

Shearman & Sterling

AUGUST 20, 2019

On August 12, 2019, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery ruled in a post-trial opinion that the fair value of Columbia Pipeline Group, Inc. ("Columbia") was equal to the deal price in an appraisal action arising from Columbia's acquisition by TransCanada Corporation ("TransCanada").

Public Trading

Shearman & Sterling

AUGUST 13, 2019

On August 7, 2019, in a decision authored by Justice Gary F. Traynor, the Delaware Supreme Court concluded that books and records produced to a stockholder under Section 220 of the Delaware General Corporation Law are not subject to a presumption of confidentiality. 23, 2019 (Del. Boast Apparel, Inc.,

Corporation

Successful Acquisitions

FEBRUARY 27, 2024

When Your Wish Can Go Too Far How problematic acquisitions and lack of a clear strategy have left the Mouse feeling trapped By Abigail Iaconis, Capstone Senior Analyst The Walt Disney Corporation has one of the most iconic brand images on Earth. Despite a very popular initial rollout in 2019, with a whopping 73.7

Entertainment

Global Banking & Finance

DECEMBER 18, 2023

Business travel emissions drop as many firms fly less -survey By Joanna Plucinska LONDON (Reuters) -Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure […]

Business

Shearman & Sterling

JULY 23, 2019

On July 8, 2019, Vice Chancellor J. July 8, 2019). Travis Laster of the Delaware Court of Chancery awarded $3 million to plaintiffs' lawyers in Sciabacucchi v. Salzberg, C.A. 2017-0931-JTL (Del. Sciabacucchi v. Salzberg, C.A. 2017-0931-JTL (Del.

Corporation

Shearman & Sterling

FEBRUARY 12, 2019

On February 7, 2019, the Delaware Supreme Court issued an order affirming the dismissal of misappropriation claims by Alarm.com Holdings, Inc. against ABS Capital Partners Inc. and its affiliates), a private equity firm that had a controlling interest in plaintiff and whose partners served on plaintiff's board, with one as chairman.

Private Equity

Shearman & Sterling

NOVEMBER 19, 2019

On November 14, 2019, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery rejected a demand by stockholders of Occidental Petroleum Corporation under Section 220, 8 Del. § 220, for documents and information relating to the corporation's acquisition of Anadarko Petroleum and related transactions.

S&P

Shearman & Sterling

FEBRUARY 5, 2019

On January 29, 2019, in a decision authored by Chief Justice Leo E. the Supreme Court of Delaware unanimously granted a stockholder petitioner's demand under Delaware General Corporation Law Section 220, 8 Del. § 220, to inspect the books and records of respondent Palantir Technologies Inc. KT4 Partners LLC v.

Electronics

The TRADE

SEPTEMBER 30, 2024

Oliveira originally joined BNP Baribas as part of its corporate and institutional banking division in 2017 as deputy head of Hispanic, LATAM CIB. Holmes joined Kepler in 2019 having previously served in equity sales trading roles at Sanford C. Arne Groes has been appointed as the global head of FICC, effective 1 October.

Sale

Shearman & Sterling

MARCH 26, 2019

On March 11, 2019, Vice Chancellor Kathaleen S. McCormick enjoined a stockholder vote to approve the proposed combination of Medley Management, Inc. ("Medley Management") with two affiliates it advised, Medley Capital Corporation ("Medley Capital") and Sierra Income Corporation ("Sierra").

Capital

Shearman & Sterling

JULY 14, 2020

the Delaware Supreme Court affirmed a decision by the Delaware Court of Chancery, which relied on the unaffected stock price of Jarden Corporation to determine its fair value in a post-merger appraisal action. 454, 2019 (Del. Fir Tree Value Master Fund, LP v. Jarden Corp., July 9, 2020). "Although

Corporation

Shearman & Sterling

JULY 7, 2021

Slights of the Delaware Court of Chancery dismissed a derivative lawsuit brought by a stockholder of FedEx Corporation (the "Company") against the Company's directors for failure to plead that pre-suit demand on the board would have been futile. 2019-0795-JRS (Del. Smith, et al., June 28, 2021).

Transportation

Shearman & Sterling

MARCH 26, 2019

On March 15, 2019, Vice Chancellor J. In re Pilgrim's Pride Corp. 2018-0058 (Del. Plaintiffs challenged the Company's $1.3

Negotiation

Shearman & Sterling

JUNE 11, 2019

On May 30, 2019, Vice Chancellor Joseph R. May 30, 2019). Slights III of the Delaware Court of Chancery granted a stockholder demand to inspect Facebook's books and records in connection with their Caremark claims arising from alleged data privacy breaches. In re Facebook, Inc. Section 220 Litig., 2018-0661-JRS (Del.

Corporation

Shearman & Sterling

AUGUST 20, 2019

On August 12, 2019, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery ruled in a post-trial opinion that the fair value of Columbia Pipeline Group, Inc. ("Columbia") was equal to the deal price in an appraisal action arising from Columbia's acquisition by TransCanada Corporation ("TransCanada").

Public Trading

Shearman & Sterling

AUGUST 13, 2019

On August 7, 2019, in a decision authored by Justice Gary F. Traynor, the Delaware Supreme Court concluded that books and records produced to a stockholder under Section 220 of the Delaware General Corporation Law are not subject to a presumption of confidentiality. 23, 2019 (Del. Boast Apparel, Inc.,

Corporation

Shearman & Sterling

JANUARY 7, 2020

On December 18, 2019, Chancellor Andre G. Bouchard of the Delaware Court of Chancery ruled that defendant Boston Scientific Corporation was not entitled to terminate its merger agreement with plaintiff Channel Medsystems, Inc. Channel Medsystems, Inc. 2018-0673-AGB (Del. million from the company.

Mergers

Shearman & Sterling

AUGUST 25, 2020

2019-0336-AGB (Del. Bouchard of the Delaware Court of Chancery denied a motion to dismiss claims brought by stockholders of Coty Inc. the "Company") against its directors and affiliates of its alleged controller. In re Coty, Inc. Stockholder Litigation, C.A.

Corporation

Shearman & Sterling

JULY 23, 2019

On July 8, 2019, Vice Chancellor J. July 8, 2019). Travis Laster of the Delaware Court of Chancery awarded $3 million to plaintiffs' lawyers in Sciabacucchi v. Salzberg, C.A. 2017-0931-JTL (Del. Sciabacucchi v. Salzberg, C.A. 2017-0931-JTL (Del.

Corporation

Shearman & Sterling

FEBRUARY 18, 2021

343, 2019 (Del. Grapetree, LLC, No.

Corporation

Razorpay

APRIL 8, 2024

The first move Grandmaster and FIDE Trainer Priyadharshan Kannappan, started providing online classes in 2019. The academy has recently expanded to provide chess-based employee engagement activities to corporate organizations as well. By 2021, Priyadharshan, along with his mother Meenakshi Kannappan, aspired to broaden their impact.

M&A

Shearman & Sterling

FEBRUARY 12, 2019

On February 7, 2019, the Delaware Supreme Court issued an order affirming the dismissal of misappropriation claims by Alarm.com Holdings, Inc. against ABS Capital Partners Inc. and its affiliates), a private equity firm that had a controlling interest in plaintiff and whose partners served on plaintiff's board, with one as chairman.

Private Equity

Shearman & Sterling

JANUARY 12, 2023

Travis Laster of the Delaware Court of Chancery denied a motion to dismiss claims as untimely in a derivative action brought by stockholders against the officers and directors of AmerisourceBergen Corporation (the "Company"). Lebanon County Employees' Retirement Fund v. Collis, C.A. 2021-1118-JTL (Del.

Pharmaceutical