The False Claims Act (FCA) has long been a powerful tool for the federal government to generate large recoveries from government contractors, including companies in the healthcare industry. In fiscal year 2017 alone, the US Department of Justice (DOJ) recovered more than $3.7 billion in settlements and judgments in civil cases brought under the FCA.
When last we checked in with our intrepid railroad, legendary railroader E. Hunter Harrison was leading the company through rapid and tumultuous change. Trumpeting his famed ‘Precision Railroading’ and driving CSX’s stock up more than $10B in value, while overseeing rapid consolidation and layoffs, at least shareholders were enjoying the fruits of activist investing. Looming
Harvey M. Katz (LLM ’82, BA ’73) discusses how closely held businesses can effectively fund and use buy-sell arrangements.
Temple Law Review and Temple’s Center for Compliance and Ethics host symposium on corporate compliance
Jonathan Broder (LAW ’83) provides an update on CSX since Hunter Harrison was foisted as the new CEO
CEOs should “let professionals handle a communications crisis,” Jonathan Broder (LAW ’83) advises in his critique of United’s recent PR debacle.
Hostile takeover in the blink of an eye. Jonathon Broder (LAW ‘83) discusses how CSX was snatched.
In recent years, entrepreneurial plaintiffs’ lawyers representing stockholders in litigation challenging mergers and acquisitions have increasingly asserted aiding and abetting claims against financial and other advisors to corporate boards of directors, perceiving the investment banks and law firms that serve in these roles as potential defendants with deep pockets. This trend likely will reverse itself
Over the past four years, since the enactment of the JOBS Act in April 2012, entrepreneurs and investors, particularly in the startup community, have been abuzz about crowdfunding, the process by which a company raises a large amount of money by selling securities in small amounts to a large number of investors. After the runaway success
Adhering to corporate formalities is often cited as a disadvantage of organizing a business using the corporate form, but those formalities play a crucial role in protecting the corporation’s shareholders. This fact was made clear in the Delaware Court of Chancery’s October ruling in the case of Zuckerberg v. Espinoza, 124 A.3d 47 (Del. Ch. 2015). The case, which