Corporate & Commercial

In a matter led by Shareholder Joey Shabot and Associate Aaron Katz, Greenberg Traurig recently represented Wells Fargo Strategic Capital – the venture capital arm of Wells Fargo & Co and a specialized capital provider that partners with the bank’s wholesale businesses to identify and provide customized capital solutions to its clients – in its investment in the Israeli company EarlySense. In a notable deal widely reported in the Israeli and venture capital news markets.…
“It is cheaper to kill a mare than it is to cripple her.”  This was considered the law in Texas until the recent Texas Supreme Court decision of J & D Towing, LLC v. Am. Alternative Ins. Corp., 478 S.W.3d 649, 652 (Tex. 2016) involving the question of first impression before the Texas Supreme Court of whether the owner of personal property totally destroyed by another’s negligence is entitled to recover loss of use damages in addition…
In Texas, a plaintiff filing a lawsuit pertaining to a construction project for damages arising out of the provision of services by licensed design professionals such as architects or engineers, must file an affidavit by a competent expert with the lawsuit supporting the claims against these professionals. Otherwise, the lawsuit will be dismissed. This issue was recently addressed by the Houston Court of Appeals in Texas Southern University v. Kirksey Architects, Inc., 2019 WL 922296 (Tex.App.-Hous.…
According to published reports, the federal judge who ordered the EEOC to reinstitute the stayed compensation portion of the EEO-1 report (referred to as “Component-2 data”) has given the EEOC until April 3 to provide guidance about if, when and how it will collect Component-2 data from employers.   See original post from our Law and the Workplace blog here.…
There is an old saying about how lawyers do well when times are good and lawyers do well when times are bad. The only bad times for lawyers are when there is little to no change at all. In spite of the trade tensions, China’s declining economy, and just the overall uncertainty, our China lawyers have of late been getting a stream of requests from companies (mostly European for some unknown reason) looking to set…
On February 15, 2019 the Federal Trade Commission (“FTC”) announced the annual increased reporting thresholds under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Act”) of 1976, as amended. Under the HSR Act, if certain thresholds are hit, parties proposing a merger or acquisition must file a detailed report with the U.S. FTC and Department of Justice, who will then be tasked with determining whether or not the proposed transaction will negatively impact U.S. commerce under anti-competition…
We’ve posted before about Cayman Appraisal actions. The Cayman Islands remain an active jurisdiction for appraisal actions; and with appraisal actions comes valuation questions. Cayman firm Collas Crill has issued an explanatory note on valuation methods in the Cayman Islands, discussing the discounted cash flow (DCF) and market-based approaches taken by Cayman courts. As others have noted, Cayman courts often look to Delaware court decisions for persuasive authority when dealing with their own appraisal disputes,…
In Pugliese v Martin Law Group, P.C.  2019 NY Slip Op 01810  Decided on March 13, 2019 the Appellate Division, Second Department  reminds that legal malpractice consists of more than a mere mistake.  Plaintiff must still prove proximate or “but for” cause.  Merely failing to perfect an appeal is insufficient. “ORDERED that the order is modified, on the law, by deleting the provision thereof granting that branch of the defendants’ motion which was for summary judgment…
Recently, the concept of “supervoting shares” in U.S. public companies has surfaced again in the news. Supervoting shares are created where founders wish to dilute themselves in an economic sense (in exchange for transformative capital), but retain outsized control in management and governance. This is different than your typical “class A and B shares” setup, where the former class of stock features robust voting rights, and the latter claims marginal or no voting rights.…
Two UK researchers report that “for both US and UK doping whistleblowers, coming forward with information requires ongoing personal sacrifice – emotional, financial and relational.” From “The Conversation” — a site that offers academic research in plain English. More here on whistleblower protection and athletics from the NWC. by Kelsey Erickson, Leeds Beckett University and Susan Backhouse, Leeds Beckett University Athletes should not feel like they have to choose between their careers or…

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