Seriously, The CTA Imposes Only "Minimal Burdens"?

American businesses have been experiencing whiplash over the status of the Corporate Transparency Act.  In early December of last year, Judge Amos L. Mazzant preliminarily enjoined the CTA and its implementing regulations.  Texas Top Cop Shop, Inc. v....

Questioning Delaware's Control Over Controlling Stockholders

Delaware cases dealing with transactions involving controlling stockholders are often concerned with the standard of review to be applied.  See, e.g., Tornetta v. Musk, 250 A.3d 793 (2019). Some cases engender a different question - what duties, if...

Was A Discussion Of Damage Calculation Necessary In TripAdvisor?

I recently commented on the discussion of possible damage theories posited by Vice Chancellor J. Travis Laster in Palkon v. Maffei, 311 A.3d 255 (Del. Ch. 2024). A commenter on my post noted that the Court discussed damages as an adequate remedy of...

Department Of Treasury Letter Evidences CTA Privacy Threat

As explained in this Alert, the Fifth Circuit Court of Appeals in an abrupt volte-face has reinstated the nationwide injunction against enforcement of the Corporate Transparency Act’s Beneficial Ownership Information reporting requirements. While...

What's Damages Got To Do With TripAdvisor?

In in a recent LinkedIn post, J. Travis Laster (not posting as Vice Chancellor of the Court of Chancery) noted the following:

Can Delaware Exercise Jurisdiction Over Rupert Murdoch?

In an opinion issued just after Christmas, Vice Chancellor J. Travis Laster ruled that a derivative lawsuit may proceed against the directors and officers of Fox Corporation.  The plaintiffs are claiming that the directors and senior officers decided

Did The SEC Charge The Wrong Person With Failure To File Timely A Form D?

I recently wrote about the Securities and Exchange Commission's announcement that it had settled "charges" against several entities for failing to file time Forms D. One of the entities settling with the SEC is a registered investment adviser to...

The Brobdingnagian Immodesty Of The CTA
In 1729, the Anglo-Irish clergyman Jonathan Swift devised what he called a "modest proposal" to for preventing the children of poor people from becoming a burden to their parents and country.  In a nutshell, he proposed that indigent children "be...
FDIC Plans To Sue Silicon Valley Bank And Holding Company Directors And Managers

Last week Kevin M. LaCroix reported that the Board of Directors of the Federal Deposit Insurance Corporation had voted unanimously to approve the staff’s request for authorization to file a suit against six former officers and 11 former directors of...

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