In a significant decision that clarifies the standards for determining controlling stockholder status, the Delaware Court of Chancery dismissed claims against AstraZeneca and Viela Bio’s directors in connection with Viela’s $ 3 billion sale to Horizon Therapeutics. The case, Sciannella v. AstraZeneca UK Limited et al., addressed whether AstraZeneca, which held a 26.7% stake in Viela, exercised control over the company and whether the merger was subject to business judgment review under Corwin v. KKR Financial Holdings LLC. Vice … Read the rest
On July 9, 2024, the FTC and California Attorney General settled a case against NGL Labs (“NGL”) and two of its co-founders. NGL Labs’ app, “NGL: ask me anything,” allows users to receive anonymous messages from their friends and social media followers. The complaint alleged violations of the FTC Act, the Restore Online Shoppers’ Confidence Act (ROSCA), the Children’s Online Privacy Protection Act (COPPA), and California laws prohibiting deceptive advertising and prohibiting unfair and deceptive business practices.
FTC Act & … Read the rest
In the coming years, up to $ 9 trillion is expected to be transferred to spouses and partners as part of a phenomenon termed “the horizontal wealth transfer,” according to a new UBS report. Over the next 20 to 30 years,…
Loper Bright Shifts Statutory Interpretation Powers Back to the Courts.
On June 28, 2024, the Supreme Court overturned the Chevron doctrine with its decision in Loper Bright Enterprises v. Raimondo. Under Chevron, courts have historically deferred to a federal agency’s interpretation of ambiguity in statutes that the agency administers. Courts premised Chevron deference on the notion that Congress implicitly delegated the interpretation to the agency.
In contrast, Loper Bright rejects Chevron’s assumption of implicit delegation: “When the best … Read the rest
– pre-employment evaluation
– psychological disqualification
– NYPD appeal
– forensic assessment
– police psych exam disqualifiers
90+ Google Reviews for the Law Firm of Kevin P. Sheerin
NYPD Hiring Process – Tips for Candidates…
When going through the NYPD hiring process it is important for Candidates to be engaged and respond promptly throughout the process. The quicker a Candidate responds back to their investigator, fills out their paperwork and schedules their appointments, the faster the process will go.… Read the rest
Jump To: Table of Contents | Civil Decisions | Short Civil Decisions
Good afternoon.
Following are our summaries of the civil decisions of the Court of Appeal for Ontario for the week of July 1, 2024.
Continue Reading
In the leading decision of the week, Binscarth Holdings LP v. Grant Anthony, the Court made new law in Ontario. It held that limited partners in a limited partnership are entitled to seek leave to commence a derivative action on behalf
Effective July 1, 2024, new California Senate Bill 478 (SB 478)[1] bans the practice of “drip pricing,” where the price for product or service is advertised without including all mandatory fees and charges that consumers must pay.[2] This law applies to nearly all businesses that sell or lease goods and services to California consumers[3], excluding only commercial transactions and certain industries that are already subject to pricing regulations. The ramifications of SB 478 are likely to significantly impact advertising and pricing … Read the rest
My new favorite Gen AI search engine, Perplexity, now can communicate by voice with the user. It is like having a conversation with the world’s smartest computer assistant, and has replaced Google Search as my first legal research stopping point. In addition, it serves as a complete voice assistant no matter what I am doing. Want to hear about the nearest gas station, restaurant, or sight seeing opportunity when traveling? Just ask Perplexity. It feels like the future; and, not