(Adds statement from company)
By Svea Herbst-Bayliss
NEW YORK, March 3 (Reuters) – The $311 billion California state teachers pension fund is teaming up with an activist investor to stop Masimo Corp’s chief from receiving over half a billion dollars if there are changes to the US medical device maker’s corporate governance, including its board of directors.
The California State Teachers’ Retirement System (CalSTRS) said it is joining Politan Capital Management in challenging Masimo chief executive officer and chairman Joe Kiani’s employment agreement in the Delaware Chancery Court.
The contract would let Kiani walk away with roughly $600 million in…
This column is an opinion by Robyn Schleihauf, a writer and a lawyer based in Dartmouth, NS. For more information about CBC’s Opinion section, please see the FAQ.
It is no secret that the courts — and other bodies, such as provincial and federal human rights commissions, landlord and tenant boards, workers compensation boards, utility and review boards, etc. — are behind the times when it comes to technology.
For decades, these bodies repeatedly failed to adopt new technologies. Many courts still rely primarily on couriers and fax machines. The COVID-19 pandemic forced a suite of changes in the justice…
Some large law firms, citing economic headwinds and slowing demand, are tightening their belts by shrinking their attorney ranks and eliminating professional staff.
The law firms that have cut associate attorneys in recent months include Shearman & Sterling, Goodwin Procter and Stroock & Stroock & Lavan. Davis Wright Tremaine said it would eliminate professional staff, but not attorneys.
The decline in demand for legal work last year followed years of growth driven by a boom in mergers and acquisitions work, prompting the hiring of sheets accompanied by six-figure bonuses for even lower-level attorneys. Firm expenses increased in 2022, colliding with…
A law firm that represented former Trump adviser Steve Bannon is suing him for nearly $500,000 in unpaid legal bills.
In a lawsuit filed last Friday in New York state court, the law firm Davidoff Hutcher & Citron alleges that Bannon has an outstanding bill of more than $480,000 for the legal services it provided from around November 2020 through November 2022.
“This action simply seeks payment of an outstanding bill for legal services rendered in the amount of $480,487.87 in addition to scheduling a hearing on the reasonable attorneys’ fees DHC is contractually entitled to as the prevailing party…
This post was originally published in Municipal Minute by Julie Tappendorf, Esq. of Ancel Glink and is reposted with permission
In Xochi, LLC v. City of Galena, the Illinois Appellate Court found the City immune from liability under the Tort Immunity Act for claims relating to a zoning approval relating to a cannabis dispensary and upheld the dismissal of the case against the City.
Xochi owned a building in the City of Galena which it agreed to lease to Veriflife, who intended to operate a cannabis dispensary. Verilife asked the City to complete a zoning form to certify that local…
The Schall Law Firm, a national shareholder rights litigation firm, announced that it is investigating claims on behalf of investors of Cutera, Inc. (“Cutera” or “the Company”) CUTR for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cutera announced on February 28, 2023, that it would fail to file its 2022 annual report in a timely manner. The Company also admitted that it identified “material weaknesses in its internal control over financial reporting related to ineffective information technology general controls and ineffective inventory…
XRP Lawsuit News: Ripple and its two chief executives have been facing legal actions from the US Securities and Exchange Commission (SEC) for dealing in securities. However, this is not the only legal trouble tackled by the Ripple labs and now Attorney John Deaton has also decided to step into other cases supporting the defendants.
XRP Holder’s Lawyer To The Rescue
According to filings, Attorney John Deaton has filed a motion to file an Amicus Brief in the Zakinov Vs Ripple lawsuit. He mentioned that XRP holders wanted to file to support the defendant’s opposition to the lead plaintiff’s motion…
NBA star Zion Williamson has more to celebrate than his recently announced five-year maximum rookie contract extension with the New Orleans Pelicans, worth up to $239 million. Williamson was also victorious in a lawsuit he filed against his former agent Gina Ford, and her agency Prime Sports Marketing LLC (“Prime Sports”). The case is Williamson v. Prime Sports Marketing LLC et al. in the District Court for the Middle District of North Carolina, No. 1:19-cv-00593.
Williamson entered into a marketing agreement with Ford and Prime Sports when he was just a freshman at Duke University. He brought suit in 2019,…