On July 4, 2025, President Trump signed into law the legislation commonly referred to as the One Big Beautiful Bill or OBBBA, which includes several changes to the federal income tax treatment of trade or business activities. Below is a summary of some of the more significant provisions of general Continue Reading
Robinson-Patman Act Case Roundup: Regulatory Uncertainty and Private Litigation Trends
The Federal Trade Commission (FTC) is sending mixed messages about how aggressively it intends to enforce the Robinson-Patman Act (RPA). During the Biden administration, the agency filed its first two RPA complaints in over two decades. Both were filed over the objections of the agency’s Republican Continue Reading
And in This Corner … the Sweet Science of Federal Contracting’s Year-End
‘In Re Columbia Pipeline Merger Litigation’: A Sigh of Relief for Acquirors
The Delaware Supreme Court recently overturned the Court of Chancery decision that found a corporate buyer liable for aiding and abetting in a merger case. The Supreme Court reiterated that an acquiring company can in fact be held liable if there is evidence of actual knowledge of the seller’s Continue Reading
New Patent Office Guidance Raises Bar for IPR Petitioners
The Patent Office recently announced that it will begin enforcing a rule that requires that inter partes review (IPR) petitions “specify where each element of the claim is found in the prior art patents or printed publications relied upon.” While this rule has been in place since the introduction of Continue Reading
Purchase Price Allocations: Tax and Contractual Aspects
Alan Kornstein and Daniela Gallagher are two of the co-authors of an article that dives into the use of purchase price allocations in contracts for the purchase and sale of business assets. The article goes beyond the income tax consequences and explores alternative drafting approaches and the Continue Reading
Recent Amendments to the General Corporation Law of the State of Delaware
On August 1, 2025, legislation went into effect amending the Delaware General Corporation Law (DGCL) of the state of Delaware as contained in Senate Bill No. 95. The following is a brief summary of some of the more significant amendments to the DGCL: (i) internal corporate claims; (ii) nullification Continue Reading
Recent Amendments to Delaware Alternative Entity Statutes
On August 1, 2025, legislation went into effect amending the Delaware Limited Liability Company Act (the LLC Act), the Delaware Revised Uniform Limited Partnership Act (the LP Act), and the Delaware Revised Uniform Partnership Act (the GP Act, and collectively with the LLC Act and the LP Act, the Continue Reading
Delaware Court of Chancery Declines Arbitrary Stock Valuation in Remedying Breaches of Fiduciary Duty
Ina post-trial opinion issued on May 19, 2025, in the case captioned Ban v. Manheim, C.A. No. 2022-0768-JTL, the Court of Chancery applied and analyzed a number of fundamental corporate doctrines to award the Plaintiff, a minority stockholder, damages resulting from (1) the Defendant controller’s Continue Reading
Trump Signs Executive Order Titled “SAVING COLLEGE SPORTS.” What Does This Mean?
President Trump signed an executive order titled “Saving College Sports,” on July 24, 2025. The order, which has been the subject of speculation for weeks, is presented as a response to the rapidly evolving and increasing uneasiness in the current state of college athletics. While the executive Continue Reading