Faegre Drinker’s Post

Sam Gray explains how shareholders and directors of a corporation and members and managers of a limited liability company can take advantage of Iowa’s books and records statutes. #litigationattorney #spmblaw

It appears as though litigation finance is getting under the skin of corporate America, in this case it’s Johnson and Johnson. This article highlights both perspectives on the use of litigation finance. The real question is whether there is sufficient science to back-up claims and whether the complex science is being appropriately interpreted by those making decisions, especially in the context of mass tort product liability cases. There are now a number of instances of the industry ‘poking the bear’ and it does make me wonder what happens when the bear rises from its slumber. Knowing the legal profession, we may eventually find out when someone goes too far in the name of seeking “justice”. Spoiler Alert: we’ll now never know what J&J was planning to do with this information.

I am looking forward to the Serle Court Company Law Conference tomorrow. Members of chambers will be discussing directors' liability and shareholder disputes and I will be sharing my top tips for resolving such disputes without a trial. https://lnkd.in/eppwTchZ Hope to see some of you there. #companylaw #mediation #ADR #arbitration #shareholders #directors

Which debtor accounts merit litigation and which are likely to be a waste of resources? Make informed litigation decisions with PAYMETRIX™. Watch the video.

#BusinessLawToday | Corporate boards must understand their duties under the landmark Caremark decision and other aspects of the legal liability of directors and officers. Read: https://ow.ly/vyPJ50RK0QK Joseph P. Monteleone, CATAMOUNT SERVICES LTD, Stephen Grace, H.S. Grace & Company, Inc. #Corporations #LLCs #Partnerships #BusinessLaw

SPAC Notebook Editor Yelena Dunaevsky writes in ABA Business Law Section that Delaware courts may see fewer SPAC lawsuits after a pivotal ruling. The Delaware Court of Chancery dismissed a SPAC-related case, criticizing the "perverse incentives" and "strike suits" that have become common. This decision, highlighting the absence of concealed material facts pre-merger, contrasts with the Multiplan case that had previously encouraged similar claims. For a deeper dive, read the full analysis: https://lnkd.in/e9wwuk-u #wsinthenews #SPAClawsuits #Delaware

Thanks Rocco Giordano Scocco for sharing this recent decision illustrating how the Ontario Consumer Protection Act can be used to pierce the corporate veil re: holding directors, officers, owners, or employees personally liable in consumer transactions where unfair practices are involved, even where such action is carried out through the corporation. #consumerprotection #unfairpractices

If there was ever a reason for a small business owner to have D&O insurance, this could be it! Great commentary, Scocco Law! An important lesson that small business owners can be held personally liable for engaging in unfair practices. 💼 From the perspective of an insurance broker (and lawyer), this raises an interesting question: Can a Directors & Officers (D&O) insurance policy protect small business owners from personal liability under the Consumer Protection Act (CPA)? 🛡️ D&O insurance can help protect business owners from legal exposure under the CPA. This coverage can be critical when legal challenges threaten personal assets in connection with management wrongful acts, such as misrepresentation or negligence. Without D&O insurance, the cost of legal defense and damages can quickly escalate beyond a small business owner’s ability to pay, potentially leading to bankruptcy and personal liability. ⚖️ However, it’s essential to remember that D&O insurance is not an excuse to act irresponsibly. Instead, it is a vital tool for protecting business owners from unforeseen legal risks. 🚨 Small businesses aren’t immune to litigation. If you’re a business owner, D&O coverage could offer the peace of mind needed to focus on running your business, protecting your reputation, and, most importantly, serving your customers. #SmallBusiness #DOInsurance #CorporateProtection #LegalRisk #RiskManagement #CPA #BusinessOwnerProtection #broker #insurance

Typically, shareholders and directors of a #corporation are shielded from personal #liability for the actions and debts of a corporation. However, there are certain situations in which the courts will “pierce the corporate veil,” rendering persons liable for corporate conduct.   A recent decision in Saberian v. Sakellaris (SC-21-7298) illustrates how the Consumer Protection Act, 2002 (#CPA) can be used to pierce the corporate veil and prevent an individual from using a corporate entity to shield themselves from liability for their unfair #business practices.   Scocco Law's most recent #Blog written by Mustafa Paiz delves into this interesting topic further.   https://lnkd.in/dfwfSf8S

⚠️ Check out our latest blog post written by Mustafa Paiz! It provides some additional insight into how the Consumer Protection Act can be used to go after directors who engage in unfair practices in consumer contracts. Congratulations to Anique Dublin, LLB for achieving this result in Saberian v. Sakellaris (SC-21-7298)! #consumerprotection #litigation #smallclaims #lawyer #scoccolaw