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|Derivative Plaintiffs Lose Standing After Merger|
C. John Koch; Jenner & Block LLP;
December 23, 2008, previously published on October 2008In In re Countrywide Financial Corp. Derivative Litig., No. 07-372, 2008 WL 4488907 (D. Del. Oct. 7, 2008), the district court rejected the notion of "post-merger equitable standing" and held that derivative plaintiffs do not have standing to pursue derivative actions once the company...
|Disgruntled Shareholders of Privately Held Corporations: Illinois Law Offers a Variety of Remedies|
Autumn L. Sharp; Much Shelist Denenberg Ament & Rubenstein, P.C.;
December 23, 2008, previously published on November 2008Let's say you're a shareholder in a privately held Illinois corporation, and you are unhappy with the course the business has taken.
|Amendments to TSX Venture Exchange Policies|
David Mendicino; Lang Michener LLP;
December 23, 2008, previously published on November 28, 2008Earlier this month, the TSX Venture Exchange (TSX-V) announced that effective December 15, 2008, it will implement a number of changes to its policies in an effort to streamline them (in some cases making them consistent with the policies of the Toronto Stock Exchange (TSX)) and to remove certain...
|Google Settles Book Search Copyright Dispute|
Manatt, Phelps & Phillips, LLP;
December 23, 2008, previously published on November 19, 2008Google Inc. has settled a long-standing class-action lawsuit with the Association of American Publishers and the Authors Guild over its plan to post millions of copyrighted books online for users to view and print for a fee.
|Bankruptcy Court Holds that Private Label Credit Card Program is Not a Contract to Make a Loan or to Extend a Financial Accommodation and Thus May Be Assumed and Assigned Over the Credit Card Issuer's Objection|
Richards, Layton & Finger, P.A.;
December 22, 2008, previously published on November 26, 2008In a recent hearing to consider the sale of the Boscov's department store chain, the United States Bankruptcy Court for the District of Delaware held that Boscov's private label credit card program agreement was not a "contract to make a loan or extend a financial accommodation" and...
|Nonprofit Organizations: Uniquely Positioned To Take Advantage of Immigration Benefits|
Frida Popik Glucoft, Alexsondra S. Fixmer; Mitchell Silberberg & Knupp LLP;
December 22, 2008, previously published on November 2008Nonprofit organizations are uniquely positioned to take advantage of immigration benefits which are not available to for-profit organizations.
|EFCA: How President-Elect Obama Might Change Labor Management Relations|
John W. Polley; Faegre & Benson LLP;
December 22, 2008, previously published on November 11, 2008The just-ended political campaigns have familiarized many voters with the fact that some candidates have promised to support a bill called the "Employee Free Choice Act," and that the bill would take away the right of working people to vote in private about whether they want to be...
|Final Revised FMLA Regulations Issued: Highlights of the Good, the Bad and the Ugly|
Brian D. Barger; McGuireWoods LLP;
December 22, 2008, previously published on November 26, 2008Just in time for the holiday gift giving season, on November 17, 2008, the U.S. Department of Labor (DOL) published its final revised regulations, overhauling the implementation of the Family and Medical Leave Act of 1993 (FMLA).
|Federal Reserve of New York Establishes a Term Asset-Backed Securities Loan Facility to Boost Consumer Credit Markets|
Gabriel Walvatne; Miles & Stockbridge P.C.;
December 22, 2008, previously published on November 2008On November 25, 2008, the Federal Reserve Bank of New York announced the latest U.S. government-sponsored program to stimulate the credit markets: the creation of a Term Asset-Backed Securities Loan Facility (TALF).
|New Acas Code on Disciplinary and Grievance Procedures|
Alex Denny, Christabel Oh; Faegre & Benson LLP;
December 22, 2008, previously published on November 27, 2008The revised Acas Code of Practice on Disciplinary and Grievance Procedures was published on 7 November 2008 and has been approved by the Secretary of State for Business, Enterprise and Regulatory Reform.