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Corporate Governance

Legal news related to Corporate Governance

10 articles

Federal Circuit
•4 min read
Second Circuit Court of Appeals

2nd Circuit Affirms District Court in Lim v. Radish Media Case

The U.S. Court of Appeals for the Second Circuit affirmed a lower court's judgment in *Jun Young Lim v. Radish Media, Inc.* in a summary order issued Feb. 5, 2026. The non-precedential ruling concluded an employment dispute between Lim and the media company.

•Second Circuit affirmed district court judgment favoring Radish Media, Inc.
•Summary order carries no precedential effect under federal appellate rules
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Federal Circuit
•4 min read
Second Circuit Court of Appeals

2nd Circuit Issues Summary Order in Credit Suisse Shareholder Case

The U.S. Court of Appeals for the Second Circuit issued a summary order on February 3, 2026, in Stevenson v. Thornburgh, a shareholder derivative lawsuit involving Credit Suisse Group AG. The case involves shareholders suing multiple Credit Suisse executives and KPMG auditors over alleged corporate misconduct.

•Second Circuit issued non-precedential summary order in shareholder derivative case against Credit Suisse executives
•Lawsuit targets over 40 defendants including former CEO Richard E. Thornburgh and KPMG auditors
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State Court
•4 min read
Delaware Supreme Court

Delaware Supreme Court Issues Mixed Ruling on Tesla Director Pay Lawsuit

The Delaware Supreme Court delivered a split decision in the consolidated shareholder litigation challenging Tesla's director compensation practices, affirming parts of a Chancery Court ruling while reversing others. The January 30, 2026 decision represents a significant development in ongoing corporate governance disputes at the electric vehicle giant.

•Delaware Supreme Court delivered partial affirmation and partial reversal of Chancery Court ruling on Tesla director compensation
•Case brought by Detroit Police and Fire Retirement System challenges board compensation practices
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State Court
•4 min read
Delaware Supreme Court

Delaware Supreme Court Dismisses Appeal in LLC Partner Dispute

The Delaware Supreme Court dismissed an appeal by Hans J. Mende and AMCI Group, LLC in a business dispute with Fritz R. Kundrun over attorney selection and potential conflicts of interest. The case centers on a 50-50 ownership deadlock in AMCI Group, LLC.

•Delaware Supreme Court dismissed interlocutory appeal in 50-50 LLC ownership dispute between Hans J. Mende and Fritz R. Kundrun
•Dispute centers on attorney selection for AMCI Group, LLC with Kundrun claiming Mende violated unanimous consent requirements
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Federal Circuit
•4 min read
Sixth Circuit Court of Appeals

Sixth Circuit Rules in Boyd v. Northern Biomedical Research Case

The U.S. Court of Appeals for the Sixth Circuit issued a decision in Robert B. Boyd v. Northern Biomedical Research, Inc., resolving an employment-related dispute between an individual plaintiff and a Michigan biomedical research corporation and its executives.

•Sixth Circuit affirmed lower court ruling in favor of Northern Biomedical Research, Inc. and individual defendants
•Case involves employment dispute between Robert Boyd and Michigan biomedical research company
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Regulatory
•4 min read

FTC Sets New $54.4M Threshold for Interlocking Directorate Prohibitions

The Federal Trade Commission approved revised jurisdictional thresholds for Section 8 of the Clayton Act, raising the limits that trigger prohibitions on interlocking directorates to $54.4 million and $5.4 million respectively. The updated thresholds will take effect upon publication in the Federal Register.

•FTC approved new 2026 thresholds of $54,402,000 for Section 8(a)(1) and $5,440,200 for Section 8(a)(2)(A)
•Section 8 of Clayton Act prohibits certain interlocking memberships on corporate boards of directors
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Regulatory
•4 min read

SEC Advisory Committee to Address Corporate Governance and Tokenization Rules

The Securities and Exchange Commission's Investor Advisory Committee will convene a virtual public meeting on December 4, 2025, to examine regulatory changes in corporate governance and the tokenization of equity securities.

•SEC Investor Advisory Committee meeting scheduled for December 4, 2025, at 10 a.m. ET
•Two panels will address corporate governance regulatory changes and equity securities tokenization
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State Court
•4 min read
Texas Supreme Court

Texas Supreme Court Limits Shareholder Rights in Third-Party Suits

The Texas Supreme Court ruled that individual shareholders cannot sue third parties based on agreements made with their corporate entity, holding that such claims must be pursued through derivative actions on behalf of the corporation.

•Texas Supreme Court ruled shareholders cannot sue third parties based on agreements with their corporate entity
•Court held that such claims must be pursued through derivative actions on behalf of the corporation
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State Court
•4 min read
Supreme Court of Virginia

Virginia Supreme Court Affirms Family Farm Dissolution in Sibling Dispute

The Virginia Supreme Court has affirmed a lower court decision ordering the dissolution of Ticonderoga Farms, a family-owned agritourism business spanning over 900 acres in Northern Virginia. The ruling came after a legal dispute between majority member Peter J. Knop and his siblings Alexandra and William.

•Virginia Supreme Court affirmed dissolution of multi-generational family farm LLC spanning 900+ acres
•Majority member Peter J. Knop failed to expel minority siblings from the business
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Regulatory
•4 min read

FTC Action Prompts Three Directors to Resign from Sevita Board

Three individuals resigned from Sevita Health's Board of Directors following Federal Trade Commission enforcement of Clayton Act provisions prohibiting interlocking directorates. The action resolved competition concerns over directors simultaneously serving on boards of competing disability services providers.

•Three directors resigned from Sevita Health's board following FTC enforcement of Clayton Act interlocking directorate prohibitions
•Both Sevita and Beacon Specialized Living Services provide disability services and had common board representation
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