LexisNexis® Legal Newsroom
Kevin M. LaCroix
Morrison Precludes Claims Based on Non-U.S. Purchased Shares, Even if Company Shares "Listed" in U.S.

On September 14, 2010, in another ruling that the U.S. Supreme Court's decision in Morrison v. National Australia Bank ( read the opinion ) precludes claim by "f-squared" claimants - that is, U.S. residents who purchased shares of a Non...

Francis G.X. Pileggi
Delaware Court of Chancery Confirms and Clarifies Delaware Law on Privilege Logs and How to Avoid Waiver by Insufficient Detail in a Privilege Log

Klig v. Deloitte LLP, C.A. No. 4993-VCL (Del. Ch. Sept. 7, 2010), read opinion here . Introduction This 22-page opinion is must reading for any attorney who: (i) seeks to maintain an attorney-client privilege in Delaware litigation; (ii) needs...

Thomas Fox
How to Turn a Season Around

One of the more enjoyable aspects of a baseball season is its length. The fortunes of a team can ebb and flow over the course of a 162 games season. So even if a team starts out abysmally, it can pick things up over the course of the spring and summer...

Francis G.X. Pileggi
Court of Chancery Rescinds Craigslist's Poison Pill and Right of First Refusal Offer; Lets Stand a Staggered Board Amendment

On September 9, 2010, Chancellor Chandler issued his much-anticipated post-trial decision in eBay Domestic Holdings, Inc. v. Newmark, et al ., C.A. No. 3705-CC, which involved a dispute between eBay and craigslist regarding a poison pill, staggered...

Brian Whisler
Virginia: Bellwether Venue for Financial and Securities Fraud Enforcement

by Brian Whisler, Baker & McKenzie On June 15, 2010, Lee Bentley Farkas, the former CEO and Chairman of Florida based Taylor, Bean and Whitaker (TBW), was handcuffed and arrested outside of his health and fitness club, and was sent to the U.S. District...

Thomas O. Gorman
When Doing the Right Thing Pays Off: The Ted Urban Case

Doing the "right thing" can be very difficult. This is particularly true when the world seems to be saying otherwise. Such is the case of Ted Urban, who served for years as the General Counsel of regional broker Ferris Baker Watts, Inc. after...