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“Wilson Sonsini Goodrich & Rosati filed an opening brief [on behalf of Blue Apron, Stitch Fix & Roku] asking the … justices to bless corporate charter provisions that force SHs to litigate suits asserting violations of the Securities Act of 1933 in federal court.” #corpgov https://t.co/EGqaMfuHde
— Stefan Padfield (@ProfPadfield) September 25, 2019
“for government to require actions by companies to address … world problems would be problematic…. it is the government’s responsibility to address these problems via taxation and redistribution as well as regulation in areas other than corporate law” #corpgov https://t.co/0AgcjIciw6
— Stefan Padfield (@ProfPadfield) September 20, 2019
“For the first time in six years, the U.S. Securities and Exchange Commission issued an enforcement action against a company solely for Regulation FD violations.” https://t.co/vfOi6vQeER
— Stefan Padfield (@ProfPadfield) September 12, 2019
“directors must ‘promote the value of the corporation for the benefit of its stockholders.'” Allen v. El Paso Pipeline Gp. …; see also N. Am. Catholic Educ. Programming Found., Inc. v. Gheewalla …; eBay Domestic Holdings, Inc. v. Newmark …; accord Dodge v. Ford Motor Co.” https://t.co/PoNwqJyUrl
— Stefan Padfield (@ProfPadfield) September 13, 2019
“stakeholder theorists have tended to hand absolute power over to the board and the C-Suite and hope for the best, which makes the Business Roundtable’s proposal look a little less radical (and a little more self-serving)” #corpgov https://t.co/cb3EEXCfyk
— Stefan Padfield (@ProfPadfield) September 16, 2019