Andre Bouchard has been confirmed by the Delaware Senate to serve as the 21st Chancellor of the Delaware Court of Chancery.
Posts for "Brian M. Gottesman" filter
Most states' limited liability company statutes contain provisions authorizing indemnification and advancement of legal expenses incurred by managers, officers, and other controlling persons resulting from lawsuits against them in their capacity as such. Generally, these provisions allow the LLC to reimburse (indemnify) these "covered persons" for any legal expenses, except where the court finds bad faith, gross negligence, or some other "bad act," and companies may go a step further and pay such expenses during the pending litigation (advancement), provided that if the covered person is found to have committed a "bad act," the advanced funds must be repaid.
Editor's note: early in the life of this blog we attempted to provide a famous quotation from legal history, sometimes with extensive commentary and historical perspective (see here) in a piece entitled "Legal Quote of the Week." It's
The Alabama Legislature has passed the Alabama Limited Liability Company Law of 2014, a substantially revised and restated version of their prior LLC law.
At Above the Law, Dan Harris of the law firm of Harris Moure has thoughts about the futility of attempting to enforce U.S. court judgments against defendants located in China:
Martin Lipton, inventor of the "poison pill" and co-founder of the law firm of Wachtell, Lipton, Rosen & Katz, spoke at the Corporate Law Institute last week, with
Corporate and business entity taxation is a complex area, fraught with nuance. As most businesspeople are aware, however (and speaking by way of broad overgeneralization), business entities are generally taxed either as corporate or as pass-through entities.
Details at bergerharris.com.
Andre Bouchard has been nominated by Governor Jack Markell to serve as the 21st Chancellor of the Delaware Court of Chancery.
In USA Today, Glenn Reynolds, Beauchamp Brogan Distinguished Professor of Law at the University of Tennessee College of Law, assesses the state of the federal criminal justice system and