BTI Consulting Survey Shows Corporate Clients Becoming More Demanding.
The “BTI Litigation Outlook 2015,” published by BTI Consulting, reports that more than 60% of corporate clients have replaced one of their primary, core law firms in the past 18 months—a 7 year high as far as this statistic is concerned. However, the same report indicates that bet-the-company matters declined by 50%.
Delaware Chancellor Decides Nonreciprocal, Fee-Shifting By-Law Does Not Apply To Shareholder Cashed Out From Reverse Stock Split When By-Law Adopted After Split.
ATP Tour, Inc. v. Deutscher Tennis Bund, 91 A.3d 554 (Del. 2014) drew a lot of attention for its conclusion that a non-stock corporation’s by-law might shift fees to a non-prevailing shareholder in certain suits against the corporation—with Delaware legislation action swirling on this issue. Recently, in Strougo v. Hollander, C.A. No. 9770-CB (Del. Chan. Ct. Mar. 16, 2015), Delaware Chancellor Andre G. Bouchard decided that a nonreciprocal, fee-shifting by-law did not apply to a shareholder under circumstances where is was adopted after the shareholder was cashed out through a reverse stock split such that shareholder was a former one whose rights had been eliminated.
Southern California 2015 Law Schools Rankings by U.S. News and World Report—and UC, Davis, Too.
The 2015 U.S. News and World Report rankings are out for U.S. law schools, so we hopefully capture the rankings for Southern California schools (although many Northern California schools were among those ranked): #16 – UCLA; #20 – USC; #30 – UCI; #52 – Pepperdine; #71 – University of San Diego; #75 – Loyola, L.A.; #127 – Chapman University. However, our reader Carter “Cappy” White (who is at UC, Davis) reminded us that UC, Davis clocked in at #31.