In the evolving world of Cannabis Mergers and Acquisitions (M&A), industry professionals face unique challenges. One such challenge lies in handling valuation disputes and post-closing adjustments, a commonly occurring issue during cannabis M&A. A CLE-accredited live webinar hosted by the International Cannabis Bar Association is set to address these issues on October 24th, from 12:00…
Recent developments in the British Virgin Islands (BVI) highlight the increasing relevance of blockchain and cryptocurrency laws. The BVI Commercial Court has granted an urgent proprietary injunction over crypto assets, illustrating the growing recognition of digital currencies as assets within the legal realm. This move is an affirmation of the significant legal and commercial implications…
In a notable legal development, a New York Court recently overturned a ruling that denied a summary judgment to a vehicle manufacturer and a distributor. The plaintiff had initiated a personal injury case against a vehicle dealership, a manufacturer, and a distributor due to injuries allegedly incurred when the front driver’s-side wheel dislodged after servicing…
It seems that popular comedian, Jeff Foxworthy, isn’t just known for his stand-up routines anymore. In an unexpected turn of events, Mr. Foxworthy’s name has become an often-cited reference when discussing the matter of proper classification of workers as independent contractors. It’s not due to any personal experience with worker misclassification, however. Instead, his comedy…
On Monday, September 18, 2023, the Court of Appeals of Georgia issued an intriguing ruling in the case of Smith v. Smith, centered around a divorcing couple’s dispute over a single viable embryo conceived through fertility treatment. This marked an issue of first impression in Georgia where the court mirrored the approach many courts around…
A. Benjamin Spencer, the esteemed dean at William & Mary Law School, has recently accepted a position as of counsel at McGuireWoods, an Am Law 100 firm. Spencer plans to balance this new role while remaining in his post within the legal education landscape. In his role as of counsel, Spencer will work for the…
In a landmark development, the California Court has chosen to adopt the Caremark Standard for oversight claims. This decision outlines the standard for plaintiffs presenting derivative claims based on an alleged failure of supervision by directors and officers of Californian companies. The decision has significant implications for legal professionals within large corporations and law firms…
With summer’s end, court administrators across the United States have gotten back to work, taking initiatives aimed at overhauling litigation and expanding the beneficial use of remote technologies to conduct court-related activities. Notably, these measures include proposals for modifying deposition rules in their respective jurisdictions. In this regard, four state courts have recently made strides,…
In light of recent legal cases, the question of whether the omnipresent cellphones held by our children serve as devices for reform or as incitements for disputes is being raised across courtrooms. With incidents escalating to levels that warrant judicial intervention, we begin to ponder over the real impact of these mobile devices. An instructive…
Recently, the Alberta Court of Appeal revisited and confirmed the principle of separate corporate personality in a couple of pivotal cases – Condominium Corporation No. 0828219 v Carrington Holdings Ltd., 2023 ABCA 222 and Swanby v Tru-Square Homes Ltd, 2023 ABCA 224. The principle, often pegged as a technicality or loophole, is, according to the…
In a recent decision, the Chancery Court has granted a motion by a Single-Member Special Litigation Committee to terminate derivative claims, exemplifying how court authorities approach derivative claims in the digital age. The case in point is In re Baker Hughes, a GE Company, Derivative Litigation, C.A. No. 2019-0201-LWW (Del. Ch. Apr. 17, 2023). Following…
In the recent case of Brown v. Matterport, Inc., 2021-0595-LWW, the Chancery has shown its intent to prioritize efficiency in ruling on discovery motions. The plaintiff accused the defendants of using lockup restrictions improperly to prevent him from selling shares. Lockup period restrictions can typically be worked around by various legal strategies. However, when these…
The Financial Crimes Enforcement Network (FinCEN) has recently published a notice and proposed rule pertaining to the beneficial ownership information system as stated in the Incorporation Transparency and Law Enforcement Assistance Act (ILEA), part of the Corporate Transparency Act (CTA). The recently published proposed rule has significant implications for the beneficial ownership information collected under…
As the biotechnology sector continues to evolve, many biotech startups face the daunting prospect of their first financing round. The task, albeit challenging, can be managed effectively with the right preparation and strategy. In this context, Morgan Lewis’s day two treatise during the Biotech Week Boston provides key insights for such companies.The discussion particularly focuses…
President Joe Biden’s son, Hunter Biden, has recently filed a lawsuit against the Internal Revenue Service (IRS). The lawsuit alleges that IRS agents Gary Shapley and Joseph Ziegler, along with their legal representatives, illegally disclosed Hunter’s private tax information to the public between April and August 2023. An account issued by Shapley’s legal team maintains…
This week in 340B, a breadth of litigation is shaping the industry landscape and forging the legal direction of 340B cases across the country. As a weekly series, this article aims to provide succinct summaries shedding light on the key developments in these cases so that you, as legal professionals, can stay informed and primed…
Legal professionals may already be aware of the recent Delaware Court of Chancery decision to sustain the derivative complaint predicated on allegations that the board acted in bad faith. This development, while complex in its legal nuances, could prove significant in derivative litigation moving forward. This decision lends clarity to the question of Delaware’s demand…
The digital era has paved the way for a host of complexity in the legal field, pushing lawyers and legal professionals to understand not just the laws, but also their interaction with technology. One such intersection of law and technology is the ‘Legal Hold Notice’. Our friendly neighborhood Technocat is here to shed light on…
In light of the United States Supreme Court’s recent decision concerning race consideration during admission processes in higher education, various K-12 independent and private schools are grappling with how this ruling implicates their own admission policies. This significant development, according the article from JDSupra, puts forward six steps for these institutions to help handle the…
Two women who accused former George Mason University law professor Joshua Wright of sexual misconduct have alleged that Wright’s $108 million defamation lawsuit against them is a punitive measure. Speaking in a Virginia court, they claimed the lawsuit aims to publicly shame, harass, and detrimentally impact their professional lives. The parties involved in the litigation…
Several prominent legal firms like Watson Farley & Williams, Yoon & Yang, and City-Yuwa are bolstering their international arbitration teams in Asia with the addition of cross-border hires. The move comes as international arbitration becomes increasingly important for corporations dealing with disputes across global boundaries, especially in fast-growing economic regions like Asia. However, while this…
On June 1, 2023, European patent law experienced a significant development with the inception of the new European Unified Patent Court (UPC). The UPC now makes enforcement of European patents in its 17 contract member states achievable with one single action [see source]. This is the sixth part of a series of articles that aim…
Mayor Mohamed Khairullah, a Muslim American, has filed a lawsuit against several U.S. government agencies including the Federal Bureau of Investigation (FBI) and the Secret Service. This action came after he was precluded from attending a White House event — Eid al-Fitr, to which he was initially invited. Mayor Khairullah speculates his exclusion may be…
Tel-Aviv based legal tech startup, Darrow, has successfully secured $35 million in a series B investment round. The leading investor in this round is investment firm Georgian, with continued support from prior investors, including F2, Entrée Capital, and NFX. The company, known to industry insiders as a “justice intelligence platform,” leverages generative AI to scrutinize…
As the throws of competition pave the path for business advancements, the matter of noncompete agreements often hurdles into the spotlight. In the state of California, the general prohibition against noncompete agreements, barring unique exceptions, had been unwavering until recently. Under California Business and Professions Code (Code) Section 16600, employers were generally proscribed from entering…