Shearman & Sterling

SEPTEMBER 15, 2021

On September 7, 2021, Vice Chancellor Morgan T. Zurn of the Delaware Court of Chancery largely denied a motion to dismiss a stockholder derivate suit against the directors of The Boeing Company (the "Company") in the wake of two fatal crashes of an airplane it manufactured. In re The Boeing Co. Derivative Litigation, No. 2019-0907-MTZ (Del. Ch.

Manufacturing 52

Manufacturing Media IT 52

Sica Fletcher

SEPTEMBER 15, 2021

Back in the spring, we published a news flash describing the potential tax increases that the Biden Administration had proposed in order to fund its economic and social platform. The most important provisions relating to the sale of a business included proposals to (i) increase the top capital gains tax rate from 20% to ordinary income tax rates for those earning over $1 million and (ii) to increase the highest personal income tax rate from 37% to 39.6%.

Capital 52

Capital Insurance Business Sale 52

Shearman & Sterling

SEPTEMBER 15, 2021

On September 7, 2021, Vice Chancellor Morgan T. Zurn of the Delaware Court of Chancery largely denied a motion to dismiss a stockholder derivate suit against the directors of The Boeing Company (the "Company") in the wake of two fatal crashes of an airplane it manufactured. In re The Boeing Co. Derivative Litigation, No. 2019-0907-MTZ (Del. Ch.

Manufacturing 40

Manufacturing Media IT 40