LexisNexis® Legal Newsroom
Kevin M. LaCroix
Swiss Re Subprime Securities Suit Dismissed Based on Morrison

Yet another securities class action lawsuit against a non-U.S. company has been dismissed based on the U.S. Supreme Court decision in Morrison v. National Bank of Australia . In a decision that specifically addresses many of the questions that have been...

Brian JM Quinn
Statutory Fiduciary Duties, Unocal, and Revlon Outside Delaware

I've written on this before . In the 1980s during the great takeover boom and hollowing out of the industrial heartland, many states adopted amendments to their corporate codes that codified directors' fiduciary duties. In general, these provisions...

Thomas O. Gorman
The Second Circuit Bolsters the SEC’s View of SOX 304

The Section 304 of Sarbanes Oxley requires the CEO and CFO to repay certain incentive compensation in the event there is a restatement of the company's financial statements based on wrongful conduct. Few court decisions have construed the Section...

Doug Cornelius
Real Estate, China and the FCPA

China is hotbed for violations of the Foreign Corrupt Practices Act. The real estate industry is not immune from the dangers. In February of 2009 Morgan Stanley's real estate group reported an employee based in China in an overseas real estate...

Arina Shulga
Proposed IRS Regulations on Series LLC

What is a series LLC? A series LLC is a relatively new entity form that provides for the creation of multiple LLCs under the umbrella of one organization, like a corporation with multiple subsidiaries. This entity form was first enacted in Delaware...

Francis G.X. Pileggi
Delaware Court of Chancery Orders Dissolution of LLC of Famous Handyman, Based on "Not Reasonably Practicable" Standard

Vila v. BVWebTies LLC, C.A. No. 4308-VCS (Del. Ch. Oct. 1, 2010), read opinion here . Brief Overview This opinion adds needed depth to the case law on Section 18-802 of the Delaware LLC Act which allows a member of an LLC to seek dissolution...