From Bill Rochelle’s Daily Wire:
Fifth Circuit Insulates Ds&Os for Authorizing Prebankruptcy Dividends and Bonuses
To avoid dismissal, a complaint must allege each officer’s acts that breached fiduciary duty.
From Bill Rochelle’s Daily Wire:
To avoid dismissal, a complaint must allege each officer’s acts that breached fiduciary duty.
Tomorrow night in Chatsworth I will start class at 7:00 p.m. to give a little more time to those who need it for their trick or treaters. I will take roll at 7:00 p.m. and anyone who comes in after that will receive a half absence.
I will get to the school at 6:00 p.m. and will review the exams of any students who are interested.
In class we will finish up the discussion of Rule 10b(5) and will review the four cases on alter ego this week.
I will be at the Chatsworth campus this Friday afternoon from 3pm to 5pm or 5:30. I will be available to meet with any student who wants to stop by to review the last exam or anything else.
I’m finally reading the Supreme Court opinion in Czyzewski v. Jevic Holding Corp, 137 S. Ct. 973 (2017). Justice Breyer very nicely explains how an LBO works.
In 2006, Sun Capital Partners, a private equity firm, acquired Jevic Transportation Continue reading
These are the cases we will review next week: Continue reading
DO NOT EMAIL ME YOUR EXAM!!
Do not put your name on the exam. This is blind grading since it will be or may be part of your final grade. Please read the instructions.
A student Tuesday night was quite adamant that essay 4 could not be answered in 500 words. I agreed to post “my answer” to the essay although with a little trepidation. I do not expect students to give the answer of a polished attorney, nor does the bar exam. I remember when I took the bar review course, the instructor was telling us not to go past the time limit for the question (at that time 53 minutes) no matter what. He joked, “You couldn’t copy the model answer in 53 minutes!” A passing answer on the bar exam is the answer of a person with a basic understanding of the rule and the ability to use the facts given and the rule to reach a conclusion. In class I go off many different directions trying to give the student a sense of all the possibilities suggested by the rule being discussed. That is not required to get a passing grade on an exam.
My Answer to Question 4 Continue reading
Here is the flyer. Staff Attorney Position 9.28.17