September 2019

Fairchild Morgan Law / 2019 / September

Notable Recent Amendments to the Delaware General Corporation Law and Delaware Limited Liability Company Act

September 27, 2019 |So far in 2019, Delaware has made several amendments to the General Corporation Law (“DGCL”) and Limited Liability Company Act (“LLC Act”).  Significant changes are summarized below. Electronic Documents and Signatures  New DGCL § 116(a) considers an electronic document and signature as equivalent to a written document and signature, and any transaction governed by the DGCL or a company’s governing documents may be signed and delivered electronically. DocuSign is one example of an electronic signature platform that is...

Client Brief | Illinois-Based Public Companies Required to Disclose Board Diversity in Illinois Filings by 2021

September 16, 2019 | Late last month, Illinois enacted H.B. 3394 requiring publicly traded companies headquartered in Illinois to disclose key diversity information in Illinois state filings. Required disclosures include: racial, ethnic and gender diversity of their boards of directors; how demographic diversity is considered in their processes for identifying and appointing director nominees and executive officers; and policies and practices for promoting diversity, equity and inclusion among the board of directors and executive officers. Under the new law, effective August 27,...

Geoff Morgan featured in Crain’s M&A Roundtable Discussion

As published in Crain's Content Studio September 05, 2019 | U.S. deal value increased 28 percent to more than $2 trillion in 2018—its highest point in three years, according to PwC's quarterly Deals Industry Insights. Year-end surveys of U.S. corporate dealmakers and private equity firms predicted more and bigger M&A deals in 2019. Are current global political tensions, trade wars and volatile markets changing the trajectory? Three advisors who work with business owners looking to buy or sell a company shared their insights...