LexisNexis® Legal Newsroom
A Failed Bank, A Lawsuit, And Some Interesting Questions

Though 268 banks have failed since January 1, 2008, there has been relatively little litigation related to the failed banks, as least so far. For example, the FDIC only recently filed its first action against former directors and officers of a failed bank (as discussed here ). There have also been relatively...

Prominent Delaware Litigator Francis G.X. Pileggi Joins Eckert Seamans In Wilmington

WILMINGTON, Del. - Eckert Seamans Cherin and Mellott LLC, a full-service national law firm, has announced that Francis G.X. Pileggi , a leading Delaware attorney and law blogger, has joined the firm as member-in charge of the Wilmington office. Pileggi, who previously served as the founding partner of...

Robins, Kaplan, Miller & Ciresi Adds Business Litigation, Real Estate, Financial Institution, Employment, Franchise And Corporate Depth In Los Angeles

LOS ANGELES - Robins, Kaplan, Miller & Ciresi L.L.P. has brought aboard all lawyers to its Los Angeles office from the full service litigation and transactional boutique Reeder Lu LLP, including partners Christopher S. Reeder and Richard Schloss. With the move, the firm now has close to 50 attorneys...

Delaware Chancery Court Addresses Attorney Fees After Stipulated Dismissal Of Derivative Action

Freedman v. Adams, C.A. No. 4199-VCN (Del. Ch. March 30, 2012). Issue Addressed The Court of Chancery addressed the standard for awarding attorneys' fees when there has been a stipulated dismissal of a derivative action which was largely mooted by measures taken by the defendant board of directors...

Complimentary CLE Webinar: Doing Business in China: A Legal & Business Overview for In-House Teams

China continues its ascent as a world economic power, rocketing to the position of #2 on the world business stage with an average annual GDP growth rate of 10%. Doing business with Chinese companies-or simply doing business alongside or in competition with Chinese companies in the global marketplace...

DLA Piper: 9 Questions And Answers About Exclusive Forum Provisions For Stockholder Litigation

By Ed Batts In light of Delaware case law developments over the past year, exclusive forum provisions are being increasingly adopted by public companies. What should you know about this complex but important area of corporate governance? 1. What are these provisions? Exclusive venue provisions...

Norton Rose Fulbright: New York Court Says Medical Device Distributor’s Lost Profits Are Direct, Not Consequential, Damages

By Frederick Robinson and Glen Banks In its March 27th opinion in Biotronik A.G. v. Conor Medsystems Ireland Ltd . 1 [ enhanced opinion available to lexis.com subscribers ], a sharply divided New York Court of Appeals ruled that a "no consequential damages" clause in a distribution agreement...

DLA Piper: Delaware High Court Upholds Fee-Shifting Provision In Company Bylaw, Signifying A Future Sea Change In Corporate Litigation

By: Jay Coogan and John L. Reed The Delaware Supreme Court, sitting en banc, has held that a Delaware corporate bylaw that requires a losing claimant to pay the legal fees and expenses of the defendants is not invalid per se , and if otherwise enforceable can be enforced against losing claimants whether...