Reynolds Holding

SEPTEMBER 6, 2023

Delaware Chancellor Allen’s famous Caremark opinion , written in 1996, bluntly charged the board of directors with ensuring that the firm had deployed a system of detecting and responding to material legal violations. Consider two issues in the news: machine learning and remote work. This post comes to us from Professor Miriam H.

Compliance 59

Compliance 59

Reynolds Holding

JUNE 1, 2022

Over the past two years, Delaware courts have revamped their Caremark framework. But systematic empirical studies show that most ESG news hardly affects markets and so do not fit squarely within Caremark ’s framework. This post comes to us from Roy Shapira, professor of law at Reichman University.

Marketability 83

Marketability 83

Reynolds Holding

SEPTEMBER 7, 2022

Against a backdrop of lackadaisical climate policy, that sounds like a rare piece of good news for climate campaigners. Its adoption is subject to scrutiny by Delaware courts under the business judgment standard of review. But Shell’s “target” turns out to be anything but a credible commitment.

Start-ups 45

Start-ups Finance Firm Value Technology 45

Reynolds Holding

JANUARY 9, 2023

When this news came to light, the company’s stock price plummeted to a close of $83.65 Investors specifically claimed in its initial complaint dated November 19, 2018 that Clayton Dubilier used its effective control of NCI to make it pay $1.2 On news of the arrests, Crown’s stock price fell 14% on unusually heavy trading volume.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

The Guardian M&A

OCTOBER 6, 2022

The Delaware trial that the social media firm brought is still due to proceed despite Musk’s latest U-turn The judge presiding over the Twitter v Elon Musk trial in Delaware says the case will go ahead on 17 October because neither side has asked for a postponement yet.

Technology 97

Technology 97

Reynolds Holding

JANUARY 25, 2024

While much of the controversy occurred in late November and early December 2023, OpenAI remains in the forefront of AI news and commentary, [1] providing continuing opportunities for leadership discussion and education on its organization and evolution. 2021-0324-JT (March 1, 2023). [8] Peregrine and Robert C.

Technology 59

Technology Equity 59

Reynolds Holding

AUGUST 22, 2023

Recall MASI attempted to exclude Politan’s candidates months ago, only to back down after Politan sued MASI in Delaware Chancery Court. Most of these situations involve US-domiciled companies. A couple are not, yet are traded on a US exchange, and thus subject to the UPC rule. This post comes to us from Michael R.

Start-ups 52

Start-ups Equity 52

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Start-ups 98

Start-ups Market Capitalization Marketability Dividends 98

Reynolds Holding

FEBRUARY 19, 2024

Artificial intelligence (AI) [1] was the biggest technology news of 2023. Observers have rightly focused on the plentiful value-creation opportunities this new technology affords. 5] Given the power of AI, employee use can easily become mis-use without well-developed policies and procedures.

Technology 45

Technology Banking Finance Treasury 45

Reynolds Holding

MARCH 27, 2023

Note, however, that this figure does not include class action suits filed in state court or state court derivative suits, including those in the Delaware Court of Chancery. Delaware Developments A. Filing Trends Figure 1 below reflects the federal filing rates in 2022 (all charts courtesy of NERA). Figure 1 : B. 3d 884 (Del.

Technology 59

Technology Start-ups Compliance Finance 59

Benzinga

APRIL 13, 2023

Benzinga FTX's Native Token Skyrockets 96% As Reports Swirl Of A Possible Relaunch Troubled cryptocurrency exchange FTX's native token FTT (FTT/USD) is up 96% in the last 24 hours, as news emerged that the exchange might be considering restarting in the future. Is Google Sharing International Users' Data With US Intelligence?

Technology 52

Technology Marketability 52