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Snow Phipps Group v. KCAKE Acquisition: DE addresses MAE based on COVID-19 impact

In Snow Phipps Group, LLC v. KCAKE Acquisition, Inc. (C.A. No. 2020-0282-KSJM), the Delaware Court of Chancery ordered specific performance of a US$550 million acquisition, rejecting the...

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In re Appraisal of Regal: deal-price-less-synergies valuation method is “first among equals”

The court’s decision in In re Appraisal of Regal Entertainment Group (C.A. No. 2018-0266-JTL (Del. Ch. May 13, 2021)) is the most recent in a line of cases confirming that the...

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LDC Parent v. Essential Utilities: DE court on who should resolve purchase price adjustment dispute

In LDC Parent, LLC v. Essential Utilities, Inc. (C.A. No. N20C-08-127-MMJ-CCLD (Del. Super. Apr. 28, 2021)), the Delaware Superior Court held that a post-closing purchase price adjustment...

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SEC approves Nasdaq’s board diversity rules

On August 6 the SEC approved the Nasdaq Stock Market’s proposal to amend its listing rules to require operating companies listed on its U.S. exchanges to provide annual disclosures...

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Manichaean Capital v. Exela Tech: DE courts rule on “reverse veil piercing” claims

In Manichaean Capital, LLC v. Exela Tech., Inc. (C.A. No. 2020-0601-JRS (Del. Ch. May 25, 2021)), the Court of Chancery ruled as a matter of first impression in Delaware that plaintiffs...

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Virginia employer checklist for compliance with new 2021 laws

Virginia employers should be aware of several new employment laws that have taken effect in the commonwealth in 2021. These laws create protections against employment discrimination based...

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OSHA updates workplace COVID-19 guidance in light of delta variant and latest CDC recommendations

Following the CDC’s recent changes to its COVID-19 guidance, OSHA updated its COVID-19 guidance for non-health care settings to reflect more restrictive recommendations for employers...

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White House announces COVID-19 safety measures for onsite federal contractors

On 29 July 2021, the Biden Administration announced a wave of White House programs to boost vaccination rates in the United States, including programs aimed directly at federal contractors. ...

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Innovations in Space: Nuclear and fusion power for deep space exploration

New technologies are reshaping the Space and Satellite arena, evolving, expanding, and combining in ways never before contemplated. Through our Innovations in Space series we examine...

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