Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
In Hughes v. Northwestern University, much was expected, and little delivered. Hughes was an "excessive fee" lawsuit for which the U.S. Supreme Court heard oral argument in December 2021 and delivered a January 2022 opinion. Hughes v. Northwestern Univ., 2022 U.S. LEXIS 622 (Jan. 24, 2022), rev’g Divane v. Northwestern Univ., 953 F.3d 980 (7th Cir. 2020). The Court ultimately vacated the Seventh Circuit’s decision to permit dismissal under Fed. R. Civ. Proc 12(b)(6), directing the lower court to reevaluate the allegations as a whole, considering whether petitioners (participants) had plausibly alleged a violation of the ERISA duty of prudence, as articulated in Tibble v. Edison Int'l, 575 U.S. 523 (2015), applying the pleading standards discussed in earlier decisions.
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