NOVEMBER  26, 2019
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In house attorneys looking for a better way to organize, vet and easily retrieve legal news created the National Law Review on-line edition.

Around the clock, the National Law Review's editors screen and classify breaking news and analysis authored by recognized legal professionals and our own journalists.

There is no log in to access the database and new articles are added hourly.
Few investments by venture capital or private equity funds have undergone as much scrutiny as the investment by SoftBank in WeWork.  If you have been reading pretty much any business news source, you are aware that SoftBank made a very large investment (a total of $10.65 billion) with almost half of the total being made at a very high valuation ($47 billion) before WeWork’s proposed initial public offering (IPO), and the IPO failed in the most public and spectacular way possible. While there has been a lot of criticism of WeWork’s business model and its founder, Adam Neumann, there has not been as much focus on the many ways that SoftBank’s investment process could have been better from a legal and business perspective. More on SoftBank's Investment on WeWork Here >
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In its 2019 Annual Report to Congress, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) whistleblower program announced a “momentous milestone”: The SEC has ordered over $2 billion in sanctions since the inception of the whistleblower program.The Report outlined other key statistics from FY 2019.  Approximately $60 million was awarded to eight individuals in FY 2019. More on SEC Sanctions Ordered Here >
When a company retains outside counsel to conduct an internal investigation of alleged wrongdoing, attorney investigators sometimes need or require the assistance of outside consultants, such as forensic accountants or technology specialists, to effectively represent and communicate with their client. While the extension of the attorney-client privilege to communications between counsel and such outside consultants has been recognized, the consultant must be integral to counsel’s ability to perform the investigation and convey and discuss the results to the client, and privileged communications with the consultant should be narrowly restricted. More on Maintaining Attorney-Client Privilege Here >
On November 1, Glass Lewis released its 2020 US Proxy Paper Guidelines. The updates to the voting guidelines primarily add additional factors that Glass Lewis will review when evaluating proposals and issuing its voting recommendation for shareholders. According to Glass Lewis, the updates seek to fulfill Glass Lewis’ overarching goal of protecting and enhancing shareholders’ interests by (1) continuing to increase transparency at the board level, both with respect to the selection of board members and with respect to decisions the board undertakes, and (2) discouraging companies from undertaking actions that would bypass the shareholders’ ability to vote on matters deemed important by Glass Lewis. More on 2020 Glass Lewis US Proxy Paper Guidelines Here >
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