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Corporate Officers, Not Just Directors, Can Be Liable for Duty of Oversight Violations

Harvard Corporate Governance

Vice Chancellor Laster announced that “[t]his decision clarifies that corporate officers owe a duty of oversight[,]” rejecting Defendant’s contention that Delaware law does not impose obligations on corporate officers that are comparable to the duty of oversight articulated for directors in In re Caremark International Inc.

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SEC Grapples with Jarkesy Case as Meta Lawsuit Waits in the Wings

Reynolds Holding

The case, stemming from a divided opinion by the Fifth Circuit in May 2022, challenges the constitutionality of in-house adjudicative processes used by administrative law judges – common fixtures in various administrative agencies. The Jarkesy Journey Begins This case arises from a rather standard enforcement action by the SEC.

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Liquidity Services Acquires Sierra Auction, a Leading Auctioneer of Vehicles, Equipment, and Surplus Assets for Government and Commercial Organizations

Benzinga

(NASDAQ: LQDT ), a leading global commerce company powering the circular economy, today announced it has acquired Sierra Auction, a full-service auction company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities. These statements are only predictions.

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Brown & Brown, Inc. enters into agreement to acquire Kentro Capital Limited d/b/a Nexus Underwriting and Xenia Broking

Benzinga

Scott Penny, chief acquisitions officer of Brown & Brown, Inc. The collective Kentro team is composed of more than 350 insurance professionals operating from offices in the U.K., NYSE: BRO ), today announced that Brown & Brown has entered into an agreement to acquire Kentro Capital Limited ("Kentro"). Europe, Asia and Dubai.

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mdf commerce enters definitive agreement to be acquired by KKR

Benzinga

mdf commerce's North American eProcurement platform serves over 6,500 government agencies and more than 650,000 suppliers across Canada and the United States and provides a strong foundation to build a leading government software platform. mdf commerce shareholders to receive C$5.80 mdf commerce shareholders to receive C$5.80

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Financial Institutions, Inc. Subsidiaries Courier Capital, LLC and HNP Capital, LLC Complete Merger

Benzinga

Birmingham, President and Chief Executive Officer of the Company. "In Courier Capital President Thomas. WARSAW, N.Y., May 01, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. Financial Institutions, Inc. Full story available on Benzinga.com

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Sullivan & Cromwell Discusses California Governor’s Executive Order on Blockchain

Reynolds Holding

1] The executive order outlines several priorities to advance these aims. 1] The executive order outlines several priorities to advance these aims. THE EXECUTIVE ORDER.