In In re Delphi Financial Group Shareholder Litigation, the Delaware Court of Chancery was recently confronted with the issue of whether a controlling stockholder breaches its fiduciary duties to minority stockholders.

This alert describes recently released regulations that provide guidance on dividend equivalents (i.e., payments under certain types of financial transactions that are determined by reference to US source dividends) under Section 871(m) of the Code.

Mabey & Johnson Ltd. ("M&J"), the first company to be convicted in the UK for acts of bribery overseas, continues to set anti-corruption enforcement precedent in this latest chapter of the British bridge-builder’s legal saga.

On October 28, 2011, the U.S. District Court for the District of Massachusetts granted plaintiffs Momenta Pharmaceuticals, Inc. and Sandoz Inc.'s motion for preliminary injunction against defendants Amphastar Pharmaceuticals, Inc., International Medication Systems, Ltd., and Watson Pharmaceuticals, Inc. See Momenta Pharmaceuticals, Inc., et al. v. Amphastar Pharmaceuticals, Inc., et al., No. 1:11-cv-11681-NMG (D. Mass. Oct. 28, 2011) ("Momenta Opinion").

The Supreme Court continued its foray into the implications of technology for the Fourth Amendment with a unanimous ruling.

On December 1, 2011, Hong Kong depositary receipts ("HDRs") representing common stock of Coach, Inc. began trading on the Hong Kong Stock Exchange (the "HKSE"), a marketplace that is increasingly becoming a listing destination for global companies. Coach’s common stock will remain listed on the New York Stock Exchange (the "NYSE"), and the secondary listing on the HKSE will not involve a capital raise by Coach. Paul Hastings represented J.P. Morgan in its role as sponsor for the HKSE listing, de

On December 11, 2012, seven states—New York, Connecticut, Delaware, Maryland, Rhode Island, Vermont, and Massachusetts—notified the U.S. Environmental Protection Agency (EPA) of their intent to sue the agency for its failure to adopt New Source Performance Standards (NSPS) for methane emissions from the oil and natural gas sector. These

The record £1.35 billion recently raised by Vallares, a "cash shell" company co-sponsored by Nathaniel Rothschild and former BP executive Tony Hayward, has again put the spotlight on this type of entity and attracted a flurry of comment in the financial media.

The Ministry of Commerce ("MOFCOM") issued the long-awaited "Interim Rules on Evaluating Competitive Effects of Concentration of Business Operators" (2011 Announcement No. 55) (the "Interim Rules") on August 29, 2011.

Circular 59 simplifies foreign exchange procedures for foreign direct investments in China.

On 14 September the UK Government announced that it is consulting on proposals that, if implemented, will have a significant impact on the UK workplace and UK employment litigation.

On September 27, 2011, Governor Brown signed two bills into law that amend the California Environmental Quality Act ("CEQA") in an attempt to help improve the state’s economy.

On September 12, 2012, the Treasury Department and the Internal Revenue Service issued final regulations expanding the definition of "qualified reopening".

Earlier this month, as part of the Obama Administration’s effort to make the case that it will pursue individual high-level executives and CEOs in addition to the companies they run, the Office of the Inspector General, Department of Health and Human Services ("HHS-OIG") informed the Chairman, CEO and President of Forest Laboratories Inc. ("Forest Labs") that it intends to exclude him from doing business with the federal government.

The deadline for submission of energy benchmarking data for most large buildings in New York City is just around the corner.

Assembly Bills 1103 and 531 passed by the California legislature require owners of nonresidential buildings located in California to disclose energy usage of such buildings in advance of any sale, lease, or financing of an entire building. Recently, the California Energy Commission issued regulations implementing these laws.

The Justice Department announced Tuesday that during the past fiscal year, it recovered over $5.6 billion in criminal and civil fraud cases.

The US Department of Health and Human Services has recently released the long awaited and highly anticipated HITECH Final Rule.