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In our last article, we argued that the government s FedRAMP cybersecurity program was a reasonable and effective tool for reducing cybersecurity threats, but after 10 years, it remains under-funded and insufficiently scaled to address the universe of 18,000 cloud-based commercial products. We argued for increasing funding and setting up a robust FedRAMP shared service model that could serve the entire government. We believe relieving individual agencies of pursuing their own FedRAMP authorizations is an efficient approach to break the current authorizations bottleneck. Two days after publication, Colonial Pipeline shut down its gas transport operations because of another criminal ransomware attack. Then on May 12, the White House released a long-awaited executive order designed to improve the Nation s Cybersecurity. In the wake of the Office of Personnel Management, SolarWinds, and Colonial Pipeline breaches, i ....
To embed, copy and paste the code into your website or blog: On May 6, 2021, Vice Chancellor Zurn of the Delaware Court of Chancery issued a 200-page decision denying a motion to dismiss in In re Pattern Energy Group Inc. Stockholders Litigation, a class action challenging the $6.1 billion go-private, all-cash sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) to Canada Pension Plan Investment Board (“Canada Pension”). The transaction was narrowly approved by 52% of the Pattern Energy stockholders on March 10, 2020, with both ISS and Glass Lewis recommending stockholders vote against the sale. The sale closed on March 16, 2020. Despite having many of the traditional hallmarks of a sound sales process a disinterested and independent special committee authorized to conduct the process, non-conflicted legal and financial advisors counseling the special committee, and multiple viable potential buyers submitting offers the Court denied ....
Advertisement Corwin Cleansing Denied Again: Delaware Court of Chancery Green Lights Claims Alleging Loyalty Breaches Tainting Company Sales Process in In re Pattern Energy Group Inc. Stockholders Litigation Tuesday, May 18, 2021 On May 6, 2021, Vice Chancellor Zurn of the Delaware Court of Chancery issued a 200-page decision denying a motion to dismiss in In re Pattern Energy Group Inc. Stockholders Litigation, a class action challenging the $6.1 billion go-private, all-cash sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) to Canada Pension Plan Investment Board (“Canada Pension”) 1. The transaction was narrowly approved by 52% of the Pattern Energy stockholders on March 10, 2020, with both ISS and Glass Lewis recommending stockholders vote against the sale. The sale closed on March 16, 2020. ....