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Archive by tag: Wilson Sonsini Goodrich & RosatiReturn

Delaware Court of Chancery Declines to Find a Material Adverse Effect and Orders Specific Performance of a Merger

On December 18, 2019, the Delaware Court of Chancery issued a 119-page post-trial memorandum opinion 1) rejecting a buyer's argument that the target company had breached representations and warranties in the parties' merger agreement which had a...By: Wilson Sonsini Goodrich & Rosati
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Reminder: Imminent Changes to Enforceability of Non-Competes in Washington State

With the new year fast approaching, employers with Washington-based workers should ensure—if they have not already—that they are prepared to comply with legal changes substantially limiting the enforcement of non-compete agreements. As you may recall...By: Wilson Sonsini Goodrich & Rosati
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Glass Lewis Releases U.S. Proxy Voting Policies and Guidelines for the 2020 Proxy Season

Last week, Glass Lewis & Co. (Glass Lewis) released its annual U.S. and Shareholder Initiatives proxy voting policies and guidelines for the 2020 proxy season....By: Wilson Sonsini Goodrich & Rosati
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New California Law Makes Employers' Use of Mandatory Arbitration Agreements More Perilous

California has once again passed pro-employee legislation, this time making it increasingly challenging for California employers to use mandatory arbitration agreements, including one containing a class waiver. Absent limited circumstances, AB 51...By: Wilson Sonsini Goodrich & Rosati
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Supreme Court Turns Down Appeal on the Americans with Disabilities Act's Applicability to Websites, Potentially Leaving Businesses Open to Suit

On October 7, 2019, the Supreme Court rejected an appeal from Domino's Pizza (Domino's) concerning whether Domino's website and mobile app must comply with federal disabilities laws....By: Wilson Sonsini Goodrich & Rosati
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U.S. Department of Labor Issues New Salary Threshold for Exempt Employees

The U.S. Department of Labor (DOL) has recently updated and revised the regulations issued under the Fair Labor Standards Act (FLSA). These regulations govern whether employees are classified as exempt or nonexempt from the FLSA's overtime...By: Wilson Sonsini Goodrich & Rosati
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California Has Now Enacted Controversial Law Making Use of Independent Contractors Harder: What Should Employers Do in Response?

As expected, California's governor has signed off on AB 5, a law making it harder for most employers to classify workers as independent contractors. The legislation will have sweeping ramifications for California employers and affect the use of...By: Wilson Sonsini Goodrich & Rosati
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Congressional Committee Targets Private Equity Firms on Medical Billing Practices

Pointing to an increasing trend of private equity firms acquiring physician staffing companies and private emergency transportation companies contracting with hospitals, a key congressional committee announced a bipartisan investigation this week...By: Wilson Sonsini Goodrich & Rosati
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IRS Proposes Regulations That Would Limit Utilization of NOLs After Acquisitions and Other Ownership Changes

On September 9, 2019, the U.S. Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (the Proposed Regulations) that, if finalized, would significantly change the way corporations that are acquired or...By: Wilson Sonsini Goodrich & Rosati
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2019 Mid-Year Technology and Life Sciences IPO Report

Wilson Sonsini Goodrich & Rosati’s 2019 Mid-Year Technology and Life Sciences IPO Report presents analysis related to the pricing of 49 initial public offerings completed by U.S.-based technology and life sciences issuers between January 1 and June...By: Wilson Sonsini Goodrich & Rosati
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