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Don’t assume quitting means losing your performance shares, equity specialists say
The terms of the management team’s equity pool could include a “tail” that lets executives who leave reap their unvested compensation after the company is sold.
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How antitrust law led to the telephone
Alexander Graham Bell and Elisha Gray developed their technology for “harmonic tones” after a federal law fueled an R&D boom by lowering entry barriers for telegraph companies, an economist says.
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What to do when your CLM integration suffers a rough debut
Migrating to a sophisticated contract-management system often means glitches and a learning curve for employees. Here are some tips to mitigate the frustration.
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The fintech CEO who is becoming a frequent flier with SpaceX
On Jared Isaacman’s second trip to space, the billionaire plans to become the first private spacewalker. Shift4 investors will need to follow space news to learn about it.
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Companies lean on AI in push to curb cyber insurance costs
Half of business leaders responding to a Delinea survey said their organization was able to negotiate a lower cyber insurance rate after using AI.
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White House calls for stronger labor standards across federal agencies
The federal government considers itself a “model employer,” in that private sector employers often follow its lead.
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Parties can contract around transfer of attorney-client privilege
The default in Delaware is for privilege to transfer to the surviving company post-merger but parties can agree to keep it within the target company, the state’s Superior Court says.
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SEC levies over $3M in civil fines for whistleblower rule violations
Seven companies had required employees to waive their right to receive financial rewards from reporting misconduct to regulators.
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Morgan Stanley fined $2M over ex-First Republic CEO stock sales
The consent order issued by a Massachusetts regulator Thursday states the lender failed to properly monitor the former executive, who sold over $6.8 million in First Republic stock from February 2022 to March 2023.
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Discover’s top lawyer to step down
Hope Mehlman will stay on until the company is acquired by Capital One, a deal facing high legal hurdles, Discover said in a regulatory filing.
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J&J breached earnout promises, costing it $1B in robotic device deal
The company also acted fraudulently by omitting a material fact in the deal to buy medical device maker Auris, a Chancery Court decision finds.
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RBC ‘selectively quoted’ texts to justify CFO’s firing, lawyer says
In a new filing, the bank's ex-CFO, Nadine Ahn, said she received “differential treatment” as a woman and denied knowledge of “Project Ken” or an online “LoveBook” another executive allegedly ordered.
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Legal AI adoption needs specific use cases, trials and patience, expert panel says
Lawyers have realized that integrating AI into their work will be challenging, but a strategic approach to how the software is used can help.
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Retail workers hail New York’s new panic-button law
But the bill signed by Gov. Kathy Hochul, which requires a host of safety measures to address store-based crime, was opposed by key trade groups.
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Getting ahead of third-party paper risk
A tech company is implementing CLM to give it visibility into potential liability from non-standard provisions it’s agreed to.
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Ex-Discover exec alleges age, gender bias in lawsuit
Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.
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Molson Coors latest company to revise DEI policy
The beer giant will no longer participate in a scoring system by the Human Rights Campaign and will tie executive incentives to business performance, not “aspirational representation goals.”
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Nevada favors directors and officers while Delaware favors shareholders, analysis finds
Both incorporation hubs try to get the right balance of protections for stakeholders but the way they do it leads to different biases.
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Court ruling limits EU regulators’ merger review power
The European Commission lacked oversight authority to examine the proposed sale of a cancer-detection company to biotech company Illumina, the court found.
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Coca-Cola must face greenwashing lawsuit: D.C. Appeals Court
The appeals court reversed a prior dismissal, ruling environmental nonprofit Earth Island Institute made plausible allegations the beverage company overstates its environmental efforts.
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Glitch is ‘fraud, plain and simple,’ bank says
Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.
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Vanguard supported zero E+S proposals in 2024: report
The lack of support for environmental and social proposals comes after the nation's second-largest asset manager supported just 2% in 2023.
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Halliburton confirms data stolen in August cyberattack
The company continues to incur expenses related to the attack, but does not expect a material impact.
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Deepfake scams escalate, hitting 53% of businesses
Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.
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Illumina avoids fine for Grail purchase in European court victory
Illumina will avoid a penalty of 432 million euros after a court ruled the European Commission did not have jurisdiction to challenge the company’s Grail acquisition.
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