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POLICY & REGULATION
ENFORCEMENT
LITIGATION
Heirs Seek Avis Avia Records Over $45M Jet Transfer
By Jarek Rutz
The sons of a deceased aviation entrepreneur have asked the Delaware Chancery Court to order Avis Avia Ltd. to open its books and records, alleging they need company documents to investigate whether a Gulfstream G500 worth $44.7 million was improperly transferred to an entity allegedly controlled by their father's longtime adviser.
Complaint attached |
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GAO
EXPERT ANALYSIS
LEGAL INDUSTRY
Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
There has been a wave of cases alleging employers and their insurance brokers violated the Employee Retirement Income Security Act, and experts say this marks an increasing litigation trend. In the meantime, the American Bar Association is eyeing the elimination of the first of multiple diversity-related law school standards. These are among the stories in corporate legal news you may have missed in the past week.
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