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Compliance Hotline
Pension Fund Sues HP
Two institutional investors have brought suit against Hewlett-Packard, objecting to the combined $42 million in total severance benefits paid to departing HP CEO Carly Fiorina. The suit, brought as both a derivative and class action on behalf of the company and other HP investors, alleges that the board of directors breached corporate policy not to approve severance packages exceeding 2.99 times the sum of an executive's annual base salary (plus target bonus) without first seeking shareholder approval. Filed in U.S. District Court for the Northern District of California, the complaint seeks and also to impose a constructive trust on the $21.4 million that HP paid to Ms. Fiorina in direct severance.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.