Posts for "Fiduciary Duties" filter

Post date: Posted on: April 22, 2014

At the China Law Blog, Dan Harris has thoughts about the prevalence of companies doing business in China on the Justice Department's list of prosecutions under the

Tags: Business Ethics, Commerce, Comparative Law, Corporations, Criminal Law, Fiduciary Duties, International Law
Post date: Posted on: April 11, 2014

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.

Tags: Alternative Business Entities, Civil Litigation / Civil Procedure, Comparative Law, Corporations, Equity / Chancery, Fiduciary Duties, Limited Liability Companies
Post date: Posted on: April 1, 2014

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

Tags: Corporations, Equity / Chancery, Fiduciary Duties, Legal History, Legal Theory