Evaluating Director Independence – Zynga Shareholder Derivative Suit

Thomas Sandys Derivatively on Behalf of Zynga, Inc. v. Pincus, et al. , Delaware Supreme Court, Case No. 157,2016, December 5, 2016, highlights the sometimes difficulty, and the importance of evaluating director independence in the circumstance of a shareholder derivative suit. In Zynga the plaintiff filed his shareholder derivative suit without first making a demand…

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White House Proposes Massive Tax Cut Package

White House officials outlined President Donald Trump’s tax plan Wednesday, a proposal Treasury Secretary Steve Mnuchin is calling “the biggest tax cut and the largest tax reform in the history of this country.”  Mnuchin stated the goal of the plan is to create jobs and economic growth.  The dramatic overhaul of the tax code calls…

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New Case Expands Shifting Trust/Trustee Attorney’s Fees and Costs to a Beneficiary’s Share of the Trust

Summary. The decision in Pizarro v. Reynoso expands the shifting of trust/trustee attorneys’ fees and costs to a beneficiary’s trust share, and in relevant part reminds us that all trust and estate litigation cases vary and are determined in significant part by the facts and circumstances of that case, the relevant case law, and the…

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