The U.S. Department of Commerce s Bureau of Industry and Security (BIS) announced an expansion of existing export controls and imposition of additional sanctions against the Russian Federation (Russia) and Belarus in response to continued aggression toward Ukraine. Effective September 15, 2022, these actions are intended to "clarify and enhance the effectiveness of U.S. controls and to better…
In August 2022, Joe Slights joined the firm’s Delaware office as a partner after serving as a Vice Chancellor on the Delaware Court of Chancery the country’s leading business court for six years. Prior to that, Joe was a judge for the Delaware Superior Court, where he helped form that court’s Complex Commercial Litigation Division, which handles an array of important commercial and contractual…
On September 7, 2022, Misfits Market, the online grocery platform driven by accessibility, affordability, and sustainability, announced the acquisition of online grocer Imperfect Foods. The planned acquisition will unite both brands to deliver a better, more sustainable grocery experience. Wilson Sonsini Goodrich & Rosati advised Misfits Market on the transaction.Imperfect Foods, a company founded…
On August 30, 2022, the California legislature passed the California Age-Appropriate Design Code Act (the Act). Modeled after the UK s Age-Appropriate Design Code, California s act drastically changes the landscape of online privacy and content availability for minors in California. The Act goes beyond the current federal protections of the Children s Online Privacy Protection Act (COPPA) and…
Throughout the life cycle of a company, and especially during the leaner early start-up stages, corporate actions that are defective due to failures to obtain the correct board or shareholder votes, errors in the approval process, or failures to make filings with the applicable Secretary of State are not uncommon. These defects, while detrimental on their own, can also call into question the…