The Freakonomics Blog has re-posted a podcast discussion between Steve Levitt and Stephen Dubner about sunk costs and when, in economic analysis, it is beneficial to quit one's course of action. Many litigators would benefit from a better understanding of sunk costs and what they represent.
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Andre Bouchard has been confirmed by the Delaware Senate to serve as the 21st Chancellor of the Delaware Court of Chancery.
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.
Andre Bouchard has been nominated by Governor Jack Markell to serve as the 21st Chancellor of the Delaware Court of Chancery.
Details at bergerharris.com.
Details can be found at bergerharris.com.
Details here.
We have previously looked at issues surrounding the contractual enforceability of settlement agreements.
Delaware Law Weekly is reporting that the Honorable Leo Strine has been confirmed by the Delaware General Assembly as the next Chief Justice of the