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TOP NEWS
POLICY & REGULATION
LITIGATION
Ex-Symplicity Founder Challenges Sale Structure In Chancery
By Jarek Rutz
The founder of student software company Symplicity has sued H.I.G. Capital affiliates, Goldman Sachs lending entities, Crestline Specialty Lending and software buyer Volaris Group in the Delaware Chancery Court, alleging they structured the company's sale to strip away his contractual rights and leave him with no recovery on more than $21 million in debt and equity-related interests.
Complaint attached |
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Thermo Fisher Says Ex-VP Took 'Know-How' To Rival
By Holly DeMuth
A former Thermo Fisher Scientific Inc. executive broke a noncompete agreement when she left for a position that will make her responsible for building a rival firm's sterile manufacturing business in direct competition with her old company, according to a case removed to North Carolina federal court Friday.
2 documents attached |
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Shopify Must Face Revived California Data Privacy Suit
By Craig Clough
A California federal judge has refused to dismiss a proposed class action accusing Shopify of secretly collecting California consumers' personal and payment information through its online checkout platform without their consent, finding the plaintiff plausibly alleged the company knowingly designed its system to gather that data.
Order attached |
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DEALS
ENFORCEMENT
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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