So-called “new wave” stockholder agreements that purport to meaningfully limit a board’s authority to manage a corporation got a recent stern look from the Delaware Court of Chancery in West Palm Beach Firefighters’ Pension Fund v. Moelis & Company, No. 2023-0309-JTL (Del. Ch. Feb. 23, 2024). Our colleagues Emily Yukich and Jonathan Dolgin discuss here
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Lessons for Coping with the Flaming TeenAge
This writer has a home outside of Philadelphia that was once owned by a motion picture director of minor note named Irvin “Shorty” Yeaworth. Yeaworth became known for producing the early sci-fi hit the “Blob” in 1958 but two years earlier he produced a movie about how confusing life was for those between 12 and…
Feds to Review Privacy Practices of 10 Largest Airlines
U.S. Secretary of Transportation Pete Buttigieg recently announced the Department of Transportation (DOT) would undertake a privacy review of the nation’s ten largest airlines. Specifically, they will look at their policies and procedures as they relate to the collection, handling, maintenance and use of passengers’ personal information.
“Airline passengers should have confidence that their personal…
USEPA Seeks Public Comment on Proposed Information Request to POTWs
USEPA announced today the intention, under Clean Water Act authority, to issue an information request to the largest publicly owned sewage treatment works (POTWs). USEPA seeks public comment on the proposal by May 28, 2024. The first step would be an electronic questionnaire to about 400 POTWs. Questions will focus on industrial users discharging to…
GenAI and Public Sector Procurement in California: What You Need to Know
California recently released GenAI Guidelines for Public Sector Procurement, Uses and Training, as well as a GenAI Risk Assessment.
What do you need to know?
The guidelines and risk assessment come on the heels of Gov. Gavin Newsom’s AI Executive Order and California GenAI Risk Report.
Key points:
- Generative Artificial Intelligence (GenAI) is defined as:
…
We Don’t Like Each Other But Can’t Afford to End it.
There are some fascinating topics related to divorce swimming out there in the electronic world. And one we just saw is a new phenomenon where couples are deciding it’s over in every sense except the official one called divorce.
There are some factors contributing to this. The first is the high cost of housing. You…
Georgia Court Finds Hooter’s Franchise Non-Compete Unreasonable in Geographic Scope
A district court in Georgia recently granted a Motion for Preliminary Injunction filed by HOA Franchising, LLC’s, the franchisor of the Hooters restaurant chain (“Hooters”), against one of its former restaurant franchisees, MS Foods, LLC (“Franchisee”), but in doing so “blue-penciled” the Hooter’s post-term restrictive covenant to narrow the geographic limitations on…
Assignments for the Benefit of Creditors – an often-overlooked state law alternative to Chapter 7 bankruptcy
by Magdalena Schardt
For some folks the three letters ABC are a reminder of elementary school and singing a song to learn the alphabet. For others, it is a throw back to the early 70’s when the Jackson Five and its lead singer Michael, still with his adolescent high voice, sang a catchy love song. …
New Law Addresses Wage Hour Issues For New Jersey Domestic Workers
There is a good deal of confusion regarding the proper treatment of domestic employees for wage hour purposes. Well, the New Jersey Legislature has sought to address some of these concerns in the New Jersey Domestic Workers’ Bill of Rights (S723/A822). This law specifically sets forth certain rules that employers must follow regarding their household…
Helpful Changes to NC Appellate E-filing Site: “Upcoming Oral Arguments” Banner
I wrote a few days ago about some practitioners experiencing problems with overzealous spam filters catching important notices from our appellate courts. To be clear, this is a user-side issue, not a problem with the appellate courts’ software. Nevertheless, our appellate courts’ wonderful IT team has been looking at ways to mitigate these concerns.
Enter…