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Changes in Law Allow Increased Flexibility for Management of Delaware Corporations to Grant Equity Awards; Should You Take Advantage of the Increased Flexibility?

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…
United States Scott Mccall John Aguirre Amy Simmerman David Thomas Ryan Greecher
Source: wsgr.com

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New York Attorney General Sues CVS over "Brazenly Anticompetitive Tying Scheme" in Provision of 340B Services

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…
New York United States Brendan Coffman Michelle Yost Hale Scott Sher Jamillia Ferris
Source: wsgr.com

Delaware Implements New Amendments to the Delaware General Corporation Law

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…
United States State Of Delaware Adrian Broderick Amy Simmerman James Griffin Stanco Ryan Greecher
Source: wsgr.com

Wilson Sonsini Named a "California Powerhouse" by Law360

Wilson Sonsini was honored as a 2022 "California Powerhouseā€ 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…
United States Wilson Sonsini Golden State California Powerhouse Elon Musk W Sgr
Source: wsgr.com

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