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Adobe PDFDerivative Plaintiffs Lose Standing After Merger
C. John Koch; Jenner & Block LLP;
Legal Alert/Article
December 23, 2008, previously published on October 2008
In 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...

 

HTMLDisgruntled Shareholders of Privately Held Corporations: Illinois Law Offers a Variety of Remedies
Autumn L. Sharp; Much Shelist Denenberg Ament & Rubenstein, P.C.;
Legal Alert/Article
December 23, 2008, previously published on November 2008
Let's say you're a shareholder in a privately held Illinois corporation, and you are unhappy with the course the business has taken.

 

HTMLAmendments to TSX Venture Exchange Policies
David Mendicino; Lang Michener LLP;
Legal Alert/Article
December 23, 2008, previously published on November 28, 2008
Earlier 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...

 

HTMLGoogle Settles Book Search Copyright Dispute
Manatt, Phelps & Phillips, LLP;
Legal Alert/Article
December 23, 2008, previously published on November 19, 2008
Google 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.

 

HTMLBankruptcy 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.;
Legal Alert/Article
December 22, 2008, previously published on November 26, 2008
In 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...

 

Adobe PDFNonprofit Organizations: Uniquely Positioned To Take Advantage of Immigration Benefits
Frida Popik Glucoft, Alexsondra S. Fixmer; Mitchell Silberberg & Knupp LLP;
Legal Alert/Article
December 22, 2008, previously published on November 2008
Nonprofit organizations are uniquely positioned to take advantage of immigration benefits which are not available to for-profit organizations.

 

HTMLEFCA: How President-Elect Obama Might Change Labor Management Relations
John W. Polley; Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 11, 2008
The 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...

 

HTMLFinal Revised FMLA Regulations Issued: Highlights of the Good, the Bad and the Ugly
Brian D. Barger; McGuireWoods LLP;
Legal Alert/Article
December 22, 2008, previously published on November 26, 2008
Just 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).

 

Adobe PDFFederal Reserve of New York Establishes a Term Asset-Backed Securities Loan Facility to Boost Consumer Credit Markets
Gabriel Walvatne; Miles & Stockbridge P.C.;
Legal Alert/Article
December 22, 2008, previously published on November 2008
On 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).

 

HTMLNew Acas Code on Disciplinary and Grievance Procedures
Alex Denny, Christabel Oh; Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 27, 2008
The 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.

 


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