When tax-exempt or non-U.S. taxpayers invest in U.S. businesses, unwanted and unintended U.S. tax obligations can follow without careful planning. Blocker corporations have become a common strategy employed...
Obtaining a Phase I environmental site assessment (ESA) is essential to conducting environmental due diligence for commercial real estate transactions. The goal of a Phase I ESA is to evaluate readily...
Artificial intelligence (AI) tools and resources are inundating the news, social media, professional seminars, and inboxes. AI is part of every conversation across industries and professional services...
Do you need guidance in defending against claims brought under the recently overhauled California's Private Attorneys General Act (PAGA)? Read Private Attorneys General Act in California: Defending...
Confidently present your case in chief to the Trademark Trial and Appeal Board (TTAB) with this opening trial brief that an opposer/petitioner (plaintiff) may use in an opposition or cancellation proceeding...
The Delaware Court of Chancery recently issued its first opinion involving shareholder challenges to de-SPAC transactions in In re Multiplan Stockholders Litigation. The case involved breach of fiduciary duty claims brought by the SPAC’s public shareholders against the SPAC, the SPAC’s sponsor, and the SPAC’s board of directors. Plaintiffs’ complaint stemmed from allegations that the defendants failed to make adequate disclosures in the de-SPAC transaction’s proxy statement and other documents. In largely rejecting the defendants’ motion to dismiss, the court applied the entire fairness standard, leaving open the possibility of increased litigation challenging de-SPACs and also raising key questions about the potential scope of liability of directors and officers of SPACs organized under Delaware law. Check out this article from attorneys at Freshfields Bruckhaus Deringer LLP discussing this much-anticipated decision.
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