BLT: January 2012



Business & Corporate

Key 2011 Corporate Law Decisions Include Notable Stockholder Victories in the Delaware Courts

Perhaps the most significant corporate law decisions of 2011 involved fiduciary duty litigation in the mergers and acquisitions context pitting investors against incumbent directors and members of management. The year 2011 saw a string of remarkable Delaware decisions in this regard--from the Court of Chancery's February 2011 decision in Airgas to its December decision in In re Southern Peru Deriv. Litig.--that in many respects were favorable to investor-litigants. Because of their importance, these decisions are discussed in greater detail below.

Business & Corporate

Taming the Kraken: The Supreme Court Weighs in on Class Actions in 2011

A spate high-profile class actions reached the U.S. Supreme Court in 2011. The three most notable decisions are AT&T Mobility LLC v. Conception, Smith v. Bayer Corp., and Wal-Mart v. Dukes. In this trio, the Supreme Court resolved several hotly contested issues. The goal of this article is to provide an overview of these cases and a basic framework for understanding why each case is significant in its own way and how these developments may impact class action litigation in 2012 and beyond.