Corporate
Compliance Training Best Practices: New Research
Insight
NAVEX Global’s 2016 Ethics & Compliance Training Benchmark Report shows compliance professionals struggling with small budgets, growing numbers of learners and limited time to train.
Business Groups Sue Over New U.S. Limit on Tax-Driven Foreign Buyouts
News
Reuters is reporting that two business groups have sued the Obama administration over a crackdown on U.S. companies that try to reduce their U.S. taxes by rebasing abroad in a process known as inversion.
Warren Buffett Made a Big Bet On an ‘In-Your-Face’ CEO
Profile
The CEO of a Berkshire Hathaway Inc. purchase is known for his phenomenal business success is also known to use methods “more brutal,” in contrast to the low-key approach favored by the parent company’s boss, Warren Buffett, according to a Bloomberg profile.
Translating Commonsense Governance Principles Into Action
Insight
Topics include the independence and diversity of corporate boards, breaking away from the obsession with quarterly financial forecasts, accounting standards, and engagement between a company and its shareholders.
Managing Catastrophic Events: What to Expect With Incident Investigation Reports
On-Demand
Norton Rose Fulbright has posted an on-demand video from a recent webinar that discusses best responses for companies dealing with sudden catastrophic events.
Sports Authority Plans to Pay Top Executives $2.85 Million in Bankruptcy Bonuses
News
The bonus money is needed to encourage the executives to do their best in the company’s final days, say Sports Authority’s lawyers, according to a Dow Jones Newswires report.
Yahoo GC Could Receive $9M in Severance
Bloomberg Law is reporting that Yahoo General Counsel Ronald Bell could receive as much as $9 million in severance payout as a result of Verizon Communications’s $4.8 cash acquisition, according to the company’s filings.
Big Bank’s General Counsel Fired Over ‘Personal Matter’
News
Cincinnati-based Fifth Third Bancorp has reportedly fired its general counsel, Heather Russell Koenig, over what the bank called “a personal matter,” reports the Cincinnati Business Courier.
Ninth Annual Law Department Operations Survey
Survey
The Ninth Annual Blickstein Group Law Department Operations Survey, in cooperation with Consilio, is being conducted online now.
Ex-Johnson & Johnson Unit Execs Guilty of Misdemeanors, Avoid Felony Convictions
News
The jury acquitted the two defendants on felony charges of wire fraud and conspiracy, finding they did not act with intent to defraud or mislead. But the two former executives were convicted on charges of promoting a product for an unapproved use, Reuters reports.
U.S. Sues to Block Anthem-Cigna and Aetna-Humana Mergers
News
U.S. Attorney General Loretta E. Lynch said the proposed mergers “would leave much of the multitrillion-dollar health insurance industry in the hands of three mammoth insurance companies,” reports The New York Times.
How GC Pay Stacks Up in the Corporate Ladder
News
Bloomberg Law has drilled down through Securities and Exchange Commission documents to see how the compensation of 30 of the highest paid general counsel compare to the pay for other top-ranking executives in their corporations.
Criminal Probe Casts 2009 Ackman-Target Boardroom Brawl in New Light
News
The same tactics cited in the criminal complaint were used to help Target defeat hedge fund activist Bill Ackman in 2009, according to a former Georgeson employee turned whistleblower, reports Reuters.
The GC Who Took Home $25 Million and 29 Other Highly Paid GCs
News
Bruce Sewell, senior vice president of legal and global security and general counsel at Apple Inc., leads Bloomberg Law’s list of the most highly compensated general counsel in American companies.
Herbalife Agrees to $200M Settlement With FTC
News
The FTC has determined that Herbalife is not a pyramid scheme, but the company will be required to pay $200 million to consumers and “fully restructure” its “unfair” business in a comprehensive settlement, the federal regulator, according to a report by USA Today.
NACD Executive Summary: Preparing the Board for Shareholder Activism
Insight
As year-round shareholder activism becomes the new norm in the American boardroom, directors are called upon to prepare for and respond to any possible activist challenges, the NACD reports.
Littler Survey Shows Employers Grappling With Regulatory, Social Changes
Insight
Littler Mendelson’s 2016 Executive Employer Survey examines the legal, economic and social issues having the greatest impact on the workplace, based on responses from more than 800 executives.
Google Self-Driving Car Project Gets First GC as Scrutiny Rises
News
The hiring comes at a critical time as Google aims to commercialize self-driving cars by 2020. With a CEO and a director already in place, a chief lawyer has been a missing piece.
Silicon Valley Star Gets Caught Up In One of the Nastiest Startup Lawsuits Ever
News
One of the founders of futuristic transportation start-up Hyperloop One has filed a wrongful termination suit against his former co-founder, alleging nepotism and harassment, CNN is reporting.
Latham Advises Onex and Baring Asia on Thomson Reuters Acquisition
News
Onex Corporation and Baring Private Equity Asia have announced their affiliated private equity funds have agreed to acquire the Intellectual Property & Science business (IP&S) from Thomson Reuters, for $3.55 billion.
