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The Bulletin - Fall 2019

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  • Delaware Chancery Court Denies Motion To Dismiss Litigation Challenging Elon Musk's $55.8 Billion Compensation Package

    In its recent decision in Tornetta v. Musk,[1] Vice Chancellor Joseph R. Slights of the Delaware Court of Chancery denied Elon Musk’s motion to dismiss a challenge to his Tesla executive compensation package. Citing concerns regarding Musk’s control over the directors who approved the package, the...

  • Recent Academic Study Explores the Underutilization of Shareholder Litigation as an Important Corporate Governance Tool

    Naumon Amjed, Ryan Degnan

    Many of the world’s largest institutional investors have embraced “stewardship” programs as a means to maximize investment returns while also promoting good corporate governance within their investment portfolios. To this end, institutional investor groups like the Investor Stewardship Group—which...

  • Kessler Topaz Strengthens Class Claims Against Walgreens Through a Strategic and Targeted Amendment

    Kessler Topaz serves as class counsel in Washtenaw Cnty. Emps. Ret. Sys. v. Walgreen Co., et al., No. 1:15-cv-03187-SJC-GAF, for the court-appointed lead plaintiff and class representative Industriens Pensionforsikring, A/S (“Plaintiff”), and a putative class of Walgreen Co. (“Walgreens”)...

  • J.P.M.L. Centralizes ZF-TRW Airbag Control Unit MDL in the Central District of California

    Melissa Yeates

    Kessler Topaz recently led the effort for the establishment of multi-district litigation (“MDL”), covering 18 actions that concern defective airbag control units (“ACUs”) manufactured by ZF-TRW[1] and incorporated into over 12 million vehicles sold in the United States (the “ACU Defect Actions”)...

  • Australian Court Issues First Judgment In Securities Class Action

    Emily Christiansen

    The shareholder litigation landscape in Australia has been evolving rapidly. Australia first introduced a class action mechanism in 1992 but it was not until 2011 when Australian securities litigation began to accelerate.[1] In 2018 Australia became the number one location outside of North America...