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U.S. Citizenship and Immigration Services must reconsider its decision to terminate an EB-5 regional center run for South Dakota that improperly used investor funds, the agency’s appeals office has ruled, saying evidence of misdeeds has to be balanced against positive factors like job creation in determining whether termination is warranted.
President Donald Trump's nominee to chair the U.S. Securities and Exchange Commission, Sullivan & Cromwell LLP partner Jay Clayton, scored points with Republican lawmakers at his confirmation hearing Thursday by lamenting a recent decline in IPOs, but did little to reassure Democrats about his conflicts of interest and financial industry connections. Here are five key takeaways from Thursday's hearing.
A Delaware Chancery judge ruled Thursday that an indemnification agreement the former president of Southern China Livestock Inc., which was put into receivership after abandoning the U.S. markets, struck was binding and blocks him from breach of fiduciary duty claims from the company’s receiver.
In a rare split decision, Delaware's Supreme Court on Thursday rejected a bid by The Williams Cos. to salvage what was once a $38 billion merger with Energy Transfer Equity, despite evidence favoring claims that ETE had breached a duty to make all commercially reasonable efforts to close.
A putative class action alleging that tens of thousands of Oracle Corp. 401(k) plan participants overpaid for their benefits beat Oracle’s dismissal motion Wednesday when a Colorado federal judge said that courts must tread especially lightly when hearing Employee Retirement Income Security Act cases.