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When Abstaining From A DIRECTOR Vote Isn’t Enough To Avoid Liability

Over the last two decades, there has been a rise in the number of actions seeking to hold the...

Feb 9 · 50 sec read >

Delaware Court of Chancery Finds Supermajority Director Removal Bylaw Invalid

The Delaware Court of Chancery recently invalidated a corporate bylaw provision requiring 66 ⅔ percent of the voting power...

Signing Contracts Under Seal: Not Just An Ancient Relic

Signing a contract under corporate seal. It can sound like a formality of a bygone era, but in some...

FTC Increases HSR Act Reporting Thresholds

The Federal Trade Commission recently revised the reporting thresholds for the Hart Scott Rodino Antitrust Improvements Act of 1976,...

What Is An Accredited Investor?

The Securities and Exchange Commission allows certain securities offered by a company or the transaction in which those securities...

Delaware Supreme Court Revives Zynga Suit, Provides Guidance On Director Independence

The Delaware Supreme Court recently revived a lawsuit against the controlling shareholder of Zynga Inc. and other board members...

Feb 3 · 3 min read >

U-Haul Case A Reminder Not to use Unenforceable Non-Compete Clauses In California

In a recent decision, a California appeals court upheld an award of more than $800,000 in attorneys’ fees and a...

Feb 1 · 1 min read >

DHS Issues Rule To Help Foreign Startup Founders Enter The U.S.

On January 17, the Department of Homeland Security issued a final rule that will allow qualified international startup founders...

Jan 31 · 1 min read >

Delaware Court Finds Paylocity’s Fee-Shifting Bylaw Invalid

On Dec. 27, 2016, the Delaware Court of Chancery invalidated a fee-shifting bylaw adopted by payroll service provider Paylocity...

House Passes HALOS Act TO ADDRESS DEMO DAY SECURITIES LAW ISSUES

On Jan. 10, 2017, the U.S. House of Representatives passed the Helping Angels Lead Our Startups Act (H.R. 79)....

Jan 20 · 1 min read >