Publicly-Traded Companies, Injunctions

Bermuda Court confirms personal right of action of company directors to end wrongful exclusion

Carey Olsen on 7/24/2025

In two notable recent judgments, the Bermuda Supreme Court ruled that a director of a Bermuda company was entitled to an interim injunction prohibiting the company and its other directors from improperly excluding him from...more

Delaware Court Of Chancery Declares Company Actions On Behalf Of One Half Of Deadlocked Board Were Unauthorized And Contrary To...

A&O Shearman on 7/7/2022

On June 16, 2022, Vice Chancellor Lori W. Will of the Delaware Court of Chancery granted declaratory judgment in favor of plaintiffs — four members of the board of Aerojet Rocketdyne Holdings, Inc. (the “Company”), including...more

Court Declares California Law Requiring Diverse Corporate Boards Unconstitutional

Proskauer - California Employment Law on 4/8/2022

As discussed in our previous blog, on April 1, 2022, Los Angeles Superior Court Judge, Terry Green, granted summary judgment in favor of individuals represented by D.C.-based nonprofit Judicial Watch, declaring Assembly Bill...more

California’s Board Diversity Law Tossed by Judge; Other Board Diversity Efforts Continue

Cadwalader, Wickersham & Taft LLP on 4/8/2022

On April 1, 2022, Judge Terry Green of the Los Angeles Superior Court struck down California’s AB 979, which required publicly held companies based in California to have at least one board director from an “underrepresented...more

SEC Brings “Naked Short Selling” Case

Winstead PC on 5/27/2021

“Naked short selling” is often claimed by struggling public companies to be the source of their woes. But there have been relatively few cases addressing naked short selling. Recently, however, on May 19, 2021, the SEC...more

NYC Controller Launches "Rooney Rule" Initiative, But Is It Legal In California?

Allen Matkins on 10/16/2019

John Jenkins yesterday wrote about the New York City Controller's initiative asking boards of directors to adopt a policy "requiring that the initial lists of candidates from which new management-supported director nominees...more

France Establishes Register of Beneficial Owners of Corporations and Other Entities

Jones Day on 10/27/2017

In an effort to prevent money laundering and fight the financing of terrorist activities, France has adopted requirements for the identification and registration of beneficial owners of corporations and other entities...more

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