Business Law and Corporate Law

The SEC has proposed Regulation E-Delivery, a comprehensive framework that would permit issuers, broker-dealers, investment companies, and investment advisers to deliver required disclosures electronically by default without first obtaining investor consent. This proposed rule would replace decades of interpretive guidance and establish new conditions for electronic delivery, including safeguards for personal financial information and mandatory opt-out rights for investors who prefer paper copies.

The SEC has issued a series of no-action letters and proposed rules that are reshaping the regulatory framework for business development companies and closed-end funds. From co-investment relief extensions to potential blue sky preemption, these developments signal a notable shift in the agency's approach to fund regulation and capital formation.

On July 30, 2026, Judge Paul A. Engelmayer of the United States District Court for the Southern District of New York granted in part and denied in part cross-motions for summary judgment in a putative class action asserting claims against a digital asset exchange, its parent company, and its CEO under Sections 12(a)(1) and 15 of the Securities Act of 1933 (the “Securities Act”) and analogous provisions of state “blue sky” laws.

The Michigan Supreme Court's decision in Attorney General v. Eli Lilly fundamentally reshapes consumer protection law by overturning decades of precedent that shielded regulated businesses from liability. What does this landmark ruling mean for businesses that previously relied on regulatory compliance as a defense against consumer protection claims, and how must companies now navigate the intersection of industry-specific regulations and broader consumer protection requirements?

HMRC has extended its Structured Risk Review process to charities, introducing comprehensive scrutiny across all operational aspects including governance, fundraising, and subsidiary relationships. The review process involves extensive documentation requests and can result in penalties up to 100% of tax liability for identified errors. Charities must maintain robust tax compliance and governance practices as the SRR cannot be adequately prepared for at short notice.

The Iowa Supreme Court's landmark decision in In re Ezra L. Totton Scholarship addresses whether universities can modify race-based donor-restricted scholarships in response to changing legal landscapes following Students for Fair Admissions v. Harvard. The case examines the tension between institutional risk management and honoring donor intent when scholarship criteria include protected characteristics like race or gender. This ruling establishes important precedent for how educational institutions must b

The Texas Business Court's Fourth Division recently addressed fundamental questions about shareholder standing and conversion claims in the context of a dissolving business partnership. When two co-owners of physical therapy clinics and related real estate entities could not agree on separation terms, their dispute raised critical procedural issues about who can sue for corporate injuries and what pleading standards apply under Rule 91a motions to dismiss.

Facing complex legal matters such as insurance claims, shareholder disputes, and commercial contracts requires specialized expertise to achieve favorable results. Without proper legal guidance, businesses and individuals risk costly mistakes and unfavorable outcomes that could have lasting consequences.

Delaware's amended Sections 144 and 220, enacted in spring 2025, introduce statutory safe harbors for conflicted transactions and streamlined books and records access. After surviving a constitutional challenge, these provisions are now fully operational, offering corporations greater predictability in handling controller conflicts, board independence determinations, and stockholder inspection demands while reducing litigation burdens.

Explore the latest developments in sustainable energy and infrastructure, from attorney insights and DOE financing myths to M&A activity in solar, EV charging, and clean energy sectors. Discover how legal expertise, strategic investments, and regulatory updates are shaping the future of renewable energy markets.

A Delaware Court of Chancery decision highlights critical lessons for transactional attorneys: recitals cannot create substantive obligations, and consideration involving equity or fluctuating assets must be defined with surgical precision. When sellers received rollover equity worth 99% less than expected, the court found no breach because the agreement's operative provisions never guaranteed intrinsic value—only a specific number of units.

The Federal Trade Commission has secured a record $12 million settlement with Edwards Lifesciences and Genesis MedTech for allegedly structuring a transaction to circumvent Hart-Scott-Rodino Act filing requirements. The case centers on whether a $25 million investment in non-voting shares constituted additional consideration for an acquisition, pushing the combined deal value above mandatory reporting thresholds.