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Among the recently enacted changes to the Delaware General Corporation Law (DGCL) that were described in our August 1, 2022 Client Alert are some that provide more flexibility for boards of directors of Delaware corporations to delegate to management the authority to grant equity awards (for this article, this will be referred to as a management equity grant committee). These changes, which were…

On July 28, 2022, the Attorney General of the State of New York (NYOAG) flexed its antitrust muscle and brought suit against CVS Health in Manhattan state court. The NYOAG accuses CVS of violating the Donnelly Act, New Yorks state antitrust law, by illegally tying access to Contract Pharmacy services at CVS retail and specialty pharmacies to use of CVS third-party administrator (TPA) services…

Effective August 1, 2022, the Delaware General Corporation Law (the DGCL)—the statutory code that governs Delaware corporations—has been amended to make several significant changes. Among other things, the amendments will allow Delaware corporations to adopt charter provisions to exculpate officers from personal liability in certain contexts, and the amendments will also give corporations greater…

Wilson Sonsini was honored as a 2022 "California Powerhouse” by Law360 as part of the publication’s 2022 Regional Powerhouses feature. Overall, Law360 recognized 43 law firms handling some of the biggest deals and most high-profile courtroom battles across nine states, offering clients regional expertise and making a lasting impact on the law at the state and local level. The 2022 California…

On July 25, 2022, Chief Judge Orlando L. Garcia of the Western District of Texas issued an "Order Assigning the Business of the Court as it Relates to Patent Cases." The Chief Judge ordered that all civil cases involving patents filed in the Waco Division, which were previously solely assigned to one judge, Judge Alan Albright, would now be randomly assigned to a group of 12 district judges…

On June 24, 2022, the United States Supreme Court issued its decision in Dobbs v. Jackson Womens Health Organization,1 opening a legal path to state laws restricting or prohibiting access to certain reproductive health services. To enforce these laws, law enforcement officials may attempt to access individuals health information, including from technology platforms that process health…

On July 19, 2022, the Federal Trade Commission (FTC) and the National Labor Relations Board (NLRB) announced they were joining forces to “bolster the FTCs efforts to protect workers by promoting competitive U.S. labor markets and putting an end to unfair practices that harm workers.“1 A memorandum of understanding (MOU) reached between the two agencies outlines the ways they will work together…

The Rule Proposal Would Clarify Which Market Participants Are Engaged in Buying and Selling Securities for Their Own Account "as Part of a Regular Business" and Are Subject to Dealer Registration Requirements The U.S. Securities and Exchange Commission (SEC) recently proposed a new rule1 (the Proposal) which could require a diverse range of market participants to register as dealers,2 including a…

REMARKS AS PREPARED Thank you, Vivian.  I’m grateful to you, Cecilia, and everyone at the Aspen Institute for spotlighting President Biden’s

By Elise N. Zoli, Peter Mostow, Todd Glass, Scott Zimmermann, Brady Berg, Robert G. O’Connor, Devon Wilson, Elizabeth Butscher, Claire Yerman, and Max Learner The U.S. is a textbook innovation economy. Exceptional dynamism—intellectual and financial—has driven the countrys sustainability sector, and with it domestic and global economic development. The current industrial revolution, unlike the…