Injunctive relief is a powerful legal remedy. If granted, a request for an injunction will result in a court requirement that the other party stop or take a specific action to reduce the risk of irreparable harm. This legal remedy can prove especially useful in merger...
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Year: 2022
U.S. bankruptcies expected to rise as federal assistance expires
Public and private corporate bankruptcies are now lower than in over a decade. Here’s how that happened and why it won’t last. How it started Through the end of September of this year, 279 companies with assets or liabilities of at least $10 million have filed for...
Creditor claims, business structure and Delaware law: One important distinction
Entrepreneurs who are choosing a business structure must review the benefits and risks of each before making their choice. Although tax obligations can be difficult with a corporation, the personal liability protection is hard to beat. Limited liability companies...
Recent case shows Court of Chancery has its limits when it comes to noncompete agreements
Recent estimates find 68% of Fortune 500 companies have registered in Delaware. In 2020, over 250,000 new businesses registered in the state. With these numbers, it is no surprise that business leaders refer to Delaware as a corporate paradise. The state’s corporate...
Chipman Brown Cicero & Cole, LLP, and Partners Robert A. Weber and Mark L. Desgrosseilliers Named in the 2023 Edition of U.S. News – Best Lawyers® “Best Law Firms”
For immediate release. The attorneys and team at , are pleased to announce our inclusion in the recently released thirteenth edition of the “Best Law Firms” rankings, collaboratively announced by Best Lawyers and U.S. News & World...
When is Chapter 11 a smart business strategy?
Movie theater giant Cineworld, owner of Regal Cinemas, made a reported $1.8 million in revenue in 2021 and reports strong box office numbers the first half of 2022 with the releases of Minions: The Rise of Gru and Top Gun: Maverick. Even with these numbers, leaders...
Chipman Brown Cicero & Cole, LLP Mentioned in August 29, 2022 New York Times Article
The law firm of , is mentioned in the August 29, 2022, New York Times article, “Silicon Valley's Elite Get Dragged Into Musk-Twitter Trial.” The article states: “Twitter has hired five law firms with expertise in corporate disputes and...
3M’s earplug bankruptcy may sound familiar
3M recently raised the ire of a federal judge when it announced its plan to shift the 230,000 injury lawsuits tied to its defective military earplugs to bankruptcy court. Judge M. Casey Rodgers of the U.S. District Court in Pensacola, Florida, pointed out that the...
When is business restriction “so repugnant” it excludes choice of Delaware law?
The choice of Delaware law is often favorable for certain business matters, like do not compete covenants and other limitations on business transactions. Businesses will often take advantage of these benefits by having their agreements drafted to apply Delaware law in...
3 key lessons from recent Circuit Court split on 14(a) claims
The Securities and Exchange Commission (SEC) has strict rules about what corporations can and cannot say regarding performance. The SEC has put these rules in place to help protect potential investors. The rules are complex and a failure to follow proper procedure can...