Exxon Skirts SEC To Sue Shareholder Over Climate Proposal
Law 360
JANUARY 22, 2024
Exxon Mobil Corp. is suing activist investors trying to force a shareholder vote over the company's greenhouse gas emission targets, sidestepping the U.S.
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Law 360
JANUARY 22, 2024
Exxon Mobil Corp. is suing activist investors trying to force a shareholder vote over the company's greenhouse gas emission targets, sidestepping the U.S.
Law 360
APRIL 5, 2024
Target Corp., are among major employers that lodged new price-fixing claims in Pennsylvania federal court against dozens of pharmaceutical companies, accusing them of orchestrating illegal agreements to allocate customers and markets and fix the prices of hundreds of generic drugs for more than a decade. Lowe's Cos.
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The Crime Report
SEPTEMBER 20, 2022
Uber says the group gained access to the company’s internal systems and posted messages, including a graphic image, to employees. It was the latest in a string of hacks attributed to the group, including ones targeting Cisco Systems Inc., chip maker Nvidia Corp., Microsoft Corp. and others.
Law 360
FEBRUARY 29, 2024
The number of class actions targeting companies' boards of directors and allegedly "coercive" bylaw provisions continues to grow, as two new investor suits were filed in Delaware's Court of Chancery against Massachusetts payments software company Flywire Corp. and California subscription software company Zuora Inc.
Law 360
SEPTEMBER 22, 2023
Special-purpose acquisition company 26 Capital Acquisition Corp. plans to liquidate after its failed bid to acquire the owner of Philippines casino operator Okada Manila, ending prospects for a deal that was tied up in litigation after the SPAC accused its merger target of stalling.
Law 360
AUGUST 31, 2023
International Business Machines Corp. is accused in a proposed class action of failing to safeguard the data of millions of individuals exposed in a May data breach, the latest company sued over a massive cyberattack that targeted the popular file transfer tool MOVEit.
Law 360
JULY 21, 2023
Investors in special purpose acquisition company FG New America Acquisition Corp. have sued several of its executives and directors, accusing them of overselling the value of merger target Opportunity Financial, which plummeted by some 80% after the take-public transaction.
Law 360
APRIL 18, 2022
Maynard Cooper & Gale PC has added a litigator with a track record representing companies such as Johnson & Johnson and Target Corp. as a shareholder in its Birmingham, Alabama, office.
The Crime Report
MARCH 18, 2022
The department’s four-year-old cybersecurity office, with an 18 percent bump in funding approved by Congress this month, is stepping up coordination with other government agencies and the private sector as energy CEOs have expressed concerns in recent days that they will be a target of attacks. Cyberattacks targeting EQT Corp.,
JURIST
OCTOBER 15, 2022
Trevor Milton, founder of automotive manufacturer Nikola Corp., on Friday was convicted of fraud following his misrepresentations and lies regarding the company’s technology. The SEC charged the company with violating securities laws by defrauding investors with false claims about the company’s products and technologies.
Law 360
OCTOBER 25, 2021
federal agencies have flouted White House sanctions with a new campaign targeting cloud service companies, Microsoft Corp. Russian spies behind a cyberattack on software provider SolarWinds that led to breaches at nine U.S. said Monday.
Law 360
AUGUST 5, 2021
Achari Ventures Holdings Corp. I plans to raise $100 million through an initial public offering guided by Reed Smith and underwriters' counsel White & Williams before the special purpose acquisition company hunts for a target in the cannabis industry.
Intelligize Blog
JUNE 8, 2023
As companies consider the toll these events could take on their operations, they’re also grappling with how to best to disclose related biodiversity and nature risks to their business. In its fiscal year 2022 10-K filing submitted in January 2023, cruise operator Carnival Corp.
InHouseBlog
JULY 29, 2023
Mergers and Acquisitions Guide for In-House Counsel – Intro This mergers and acquisitions guide provides in-house counsel with an overview of the process of selling a privately-held company in an M&A transaction and some of the significant deal points typically negotiated by the parties.
The Fashion Law
DECEMBER 31, 2021
Consumers Are Confused About “Sustainability,” Companies Claims Are “Exaggerated, False, or Deceptive” A report from clean manufacturing firm Genomatica found that while “consumers in the U.S. Companies’ S-1 Filings Are Getting Longer, Mentions of ESG Are Increasing.
The Fashion Law
DECEMBER 20, 2021
The Italian luxury goods group will become a New York Stock Exchange-traded company (ticker: ZGN) by merging with Investindustrial Acquisition Corp., It makes no products and does not sell anything,” as its primary purpose is to take a private company public through a merger. . billion valuation. The Lifecycle of a SPAC. “A
Fordham Law News
OCTOBER 21, 2021
George Assad – an alleged stockholder in each defendant SPAC – filed novel claims against three separate Special Purpose Acquisition Companies (SPACs), including Mr. Bill Ackman’s Pershing Square Tontine Holdings, Ltd. SPACs and the Investment Company Act of 1940. government securities. [15] government securities. [15]
The Fashion Law
DECEMBER 6, 2021
Even with the overarching drop in sales, more than half of the Top 100 were profitable, per Deloitte , with 13 companies still reporting double-digit net profit margins. Calvin Klein and Tommy Hilfiger owner PVH Corp. billion for 2020, accounting for a whopping 51.4 percent of the total sales by all of the Top 100 brands. .
The Fashion Law
JANUARY 21, 2022
As part of the company’s focus on “sustainability,” Fink says that BlackRock is “asking companies to set short-, medium-, and long-term targets for GHG reductions,” and to ensure that corresponding reports are in line with the TCFD, as the firm “believes these are essential tools for understanding a company’s ability to adapt for the future.”.
The Fashion Law
APRIL 22, 2021
billion deal came to light, bringing together Cartier’s parent company Richemont, Chinese e-commerce titan Alibaba, and fashion retail platform Farfetch. 9, 2020 – VF Corp. In November, a $1.15 The headline-making transaction followed from reports that a “mega deal” was in the making. In exchange for $15.8 acquires Supreme for $2.1
Fordham Law News
MARCH 25, 2022
2] As these aspects of companies have come more under the microscope in recent years, a new field of targeted ESG investing has expanded rapidly making new financial products available to socially conscious investors and advantageous financing available to companies with outstanding ESG credentials. [3]
The Fashion Law
AUGUST 16, 2021
and Dior, the latter of which is bringing its Dioriviera capsule collection to hotels like the Rosewood Miramar in Miramar Beach, California, or wider arrays of products and new partnerships, such as those being touted by big-box chains like Target and Kohl’s. . Companies’ bottom lines. The Benefits of Brick & Mortar.
The Fashion Law
JULY 19, 2021
Ermenegildo Zegna Group will go public on the New York Stock Exchange later this year by way of a merger with Investindustrial Acquisition Corp., a special purpose acquisition corporation – or SPAC, the privately-held Italian fashion company announced on Monday. billion and a market cap of $2.5
Parasec
JULY 5, 2022
California: Scam Targets California Corporations. California corporations are being targeted by yet another scam. Colorado: Insurance Companies’ Registered Agents. Under the new law, all insurance companies (foreign and domestic) are required to designate a registered agent for receipt of service of process.
The Fashion Law
SEPTEMBER 23, 2021
French resale company Vestiaire has raised 178 million euros ($209 million) in a September 22 venture round which included participation from two new investors, SoftBank Group Corp and Generation Investment Management, bringing its valuation to $1.7 To date, the company has raised $200.7 billion dollars. million, per CrunchBase.
The Fashion Law
DECEMBER 6, 2021
Idol asserted that Capri is, in fact, actively seeking out acquisition targets. Bertelli confirmed last month, noting that the group could grow further by acquiring small Italian textile and manufacturing companies. Salvatore Ferragamo is another brand that has consistently been considered a takeover target.
ClimateChange-ClimateLaw
MARCH 29, 2024
Three Regimes for GHG Emissions Disclosure The SEC climate disclosure rule requires three key areas of disclosure: (1) climate-related financial risks, (2) GHG emissions, and (3) climate-related targets or transition plans. to mandate climate-related reporting from large companies. Santa Fe Elevator Corp. , See, e.g. , Rice v.
Customs & International Trade Law
AUGUST 4, 2023
Here is a recap of the latest customs and international trade news: Customs and Border Protection (CBP) DHS announces two additional PRC-based companies as a result of forced labor enforcement. Less-than-truckload carrier Yellow Corp. The announcement leaves the company’s 30,000 employees out of work.
ClimateChange-ClimateLaw
FEBRUARY 23, 2022
Starting in 2017, cities, counties, and states across the United States have filed claims (see here and here ) in state courts against fossil fuel companies seeking redress for the climate harms their products have caused. Chevron Corp. Many of these cases asserted nuisance and other tort law claims.
Customs & International Trade Law
DECEMBER 24, 2023
Department of Treasury Reminder: Starting January 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them.
ClimateChange-ClimateLaw
DECEMBER 11, 2020
Army Corps of Engineer permits for construction of a portion of a proposed methanol refinery and export terminal in Washington (the Kalama Project). The court also held that the Corps violated NEPA by not considering the need to expand the regional gas pipeline system as a cumulative indirect effect of the project. 3:19-cv-06071 (W.D.
Conflict of Laws
OCTOBER 8, 2021
Vacating the interim injunction that was granted earlier this year to prevent CG Corp. The identification of the hypothetical persons would essentially depend on a variety of factors and, in particular, the nature of the goods sold, the circumstances of the sale and the class of persons to whom the product is targeted. 14 of 1957.
The Fashion Law
SEPTEMBER 6, 2021
Jessica Simpson is looking to buy back her brand after selling off a majority stake to the Camuto Group in 2005, a move that enabled the fashion label to “find its groove by targeting regular women, not the high-fashion types celebrities often attempt to court,” as Bloomberg put it back in 2015. percent of the company to their existing 37.5
Fordham Law News
OCTOBER 21, 2022
10] A business might require financing to get the company off the ground, maintain operations, or scale the business. [11] 13] If a deal still needs to get done, companies have the ability to pivot. 26] Startups can purportedly outlast inflation by employing creative and targeted action plans. [27] 5] See Rodeck, supra note 4.
Patently O
AUGUST 3, 2023
Although Moderna pledged not to enforce its COVID-19 patents during the pandemic, it signaled in March 2022 that expected companies to respect its intellectual property rights going forward. See Phillips v. 3d 1303 (Fed. 2005) (en banc). We might see a different strategy if a non-profit or consumer-focused group had filed.
Patently O
MARCH 1, 2024
The patentee particularly provided evidence that its claimed sequence had a much higher ability to bind to inflammatory targets — suggesting an important practical and likely structural difference from the naturally occurring larger molecule. The PTAB relied on CyberSource Corp. Retail Decisions, Inc., 3d 1366 (Fed.
Fordham Law News
MARCH 31, 2023
17] In recent months, both foreign and domestic government actors have targeted privacy-enhancing technologies. 22] However, current efforts to address these issues have unduly targeted the technology itself rather than the individuals exploiting them. targeted the dissemination of encryption software, Crypto War 2.0 & Fin.
The Crime Report
OCTOBER 21, 2021
“Other recent attacks have targeted various sectors, including manufacturing, legal, insurance, health care, energy, education, and the food supply chain in the United States and across the globe,” the Treasury report said. The hacker group’s names are appropriately sinister: DarkSide, REvil, BlackMatter and Evil Corp.
The Fashion Law
SEPTEMBER 16, 2021
million per sponsored social media post, according to Instagram analytics company Hopper HQ, in connection with her regularly updated account. Fenty Corp. , is taking on the eponymous brand for model-slash-DJ Harley Viera-Newton in a new suit, accusing the fashion company of infringing its copyright in a photo of Jennifer Lawrence.
Customs & International Trade Law
DECEMBER 16, 2022
OFAC is designating a sanctions evasion network led by businessman Sitki Ayan that has facilitated the sale of hundreds of millions of dollars’ worth of oil for Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). These actions are taken pursuant to Executive Order (E.O.)
The Crime Report
JANUARY 24, 2022
government policies and practice beginning with the SolarWinds Corp. software hack, has slowed the country’s response to the ongoing stream of cyberattacks that have targeted both major U.S. corporations and infrastructure, reports Bloomberg News.
SCOTUSBlog
NOVEMBER 17, 2023
That doctrine, known as the Chevron doctrine, has been the target of criticism by (among others) some Supreme Court justices in recent years, but the Biden administration has told the justices that overruling Chevron would be “convulsive.” Macquarie Infrastructure Corp. Arizona (Jan. Moab Partners (Jan.
Hoban Law Group
APRIL 13, 2021
Additionally, cannabis companies are lightning rods for audits. Bottom line: the rules are different for cannabis companies. Therefore, it is still enmeshed in federal legislation targeted toward “harder” substances. This classification presents complicated hurdles for cannabis accounting and compliance. . According to the U.S.
The Fashion Law
OCTOBER 14, 2021
The Federal Trade Commission put more than 700 companies on notice this week by way of letters in which it addressed “unlawful practices relating to the use of endorsements and testimonials.” and Google, online game platform Roblox, the newly-public Honest Company, and Kylie Jenner’s brand Kylie Cosmetics, LLC.
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