Whilst there has often been a focus on the E in ESG related risks, it is arguable that the most pervasive theme in ESG-related matters is the social…
Vice Chancellor J. Travis Laster recently ruled McDonald's former Executive Vice President and Global Chief People Officer David Fairhurst owed duty of oversight comparable to duty articulated by Chancellor Allen in In re Caremark International Inc. Derivative Litigation.
In October 2020, Professor Stephen Bainbridge asked if shareholder inspection rights are subject to internal affairs doctrine after Vice Chancellor J. Travis Laster ruling in Juul Labs, Inc. v. Grove, 2020. The professor long taught inspection rights were exception.
In a recently issued ruling, Vice Chancellor J. Travis Laster noted in the following lengthy footnote that choice of law can be an important issue with respect to a proxy, found that the choice of California law was facially valid.