Directors owe fiduciary duties to the company. To make informed decisions and satisfy those fiduciary duties, directors generally have broad access to the company’s books and records.
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Following its neighboring states, Connecticut legalized recreational cannabis after Governor Ned Lamont signed the Responsible and Equitable Regulation of Adult-Use Cannabis Act (RERACA) on June 22.
Elizabeth Holmes, founder and ex-CEO of now-defunct blood testing start-up Theranos, is once again making headlines, this time for her upcoming criminal trial and related court proceedings.
University of Richmond Law Review
On June 8, the Michigan legislature, in an overwhelming bipartisan vote, passed two bills providing for exemptions from the state’s sales and use tax for certain personal protective equipment and supplies (PPES).
Consider this scenario: the directors of ABC, Inc. are choosing sides over control of the company, although no director has sued any other director or the company yet. John is one of ABC’s directors. He wants to review emails between other board members and ABC’s attorneys discussing the battle for control. Can a majority of ABC’s directors withhold these privileged communications from John?
On June 1, 2021, the Illinois General Assembly passed S.B. 2017, implementing the State of Illinois budget for the 2022 fiscal year, which Governor J.B. Pritzker is expected to sign. The bill includes several material changes to Illinois state taxes affecting many businesses.
U.S. companies have been inundated with lawsuits in the past several years alleging that their websites do not comply with the Americans with Disabilities Act (ADA) and various state laws, including the California Unruh Act.