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
Share
Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. Here’s the Thursday morning read:
- Biden’s 41-year evolution on Supreme Court reform (Zachary B. Wolf, CNN)
- Judge declines to alter sentences for Mobile doctors who got Supreme Court victory (Brendan Kirby, WALA)
- Most Americans support Supreme Court reforms (Philip Bump, The Washington Post)
- The Supreme Court is doing its job (Alan Hurst, Deseret News)
- John Roberts Just Delivered a
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
Share
The Supreme Court blocked the execution of Ruben Gutierrez, who was sentenced to die after 7 p.m. Eastern on Tuesday for the 1998 stabbing death of 85-year-old Escolastica Harrison in Brownsville, Tex. In a brief unsigned order released to reporters just after 6:30 p.m. Eastern time on Tuesday night, the justices put Gutierrez’s execution on hold until they decide whether to take up his appeal.
Gutierrez has long maintained that he did not go into Harrison’s home on the … Read the rest
Share
Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. Here’s the Thursday morning read:
- The Supreme Court limited federal power. Health care is feeling the shock waves. (Stephanie Armour, Alabama Reflector)
- Ocasio-Cortez introduces articles of impeachment against Supreme Court Justices Thomas and Alito (Owen Dahlkamp, CNN)
- ‘The Justices Dropped This Bomb’: Three Legal Experts on a Shocking Supreme Court Term (The New York Times)
- Michael Cohen asks the
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,…
Share
Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. Here’s the Friday morning read:
- Senate committee to probe Supreme Court’s Trump immunity ruling (Lawrence Hurley, NBC News)
- Supreme Court sidesteps major social media issues (Ella Lee, The Hill)
- From legal bribery to Trump’s immunity, a dark theme ran through the Supreme Court’s term (Leah Litman & Melissa Murray, Los Angeles Times)
- The Supreme Court Blows Up a Popular
Aylo Holdings S.A.R.L., the company that operates Pornhub and other adult websites, acknowledged in federal court that it had profited for years from pornographic content that depicted sex trafficking victims, but pleaded not guilty to a charge of engaging in unlawful monetary transactions involving sex trafficking proceeds, Erin Nolan reports for the New York Times. Through an agreement with prosecutors, the company agreed to pay damages to women who said they were forced to appear in pornographic videos that … Read the rest