2022’s Fenwick–Bloomberg Law SV 150 List confirms that the phenomenal growth of cybersecurity companies in 2020 was about more than a pandemic-driven pivot to remote work. Throughout 2021, as workers returned to the office—and videoconferencing king Zoom’s meteoric ascent stalled—Silicon Valley cybersecurity firms grew even faster.
The recent Delaware Chancery Court opinion in the Tesla/SolarCity case provides an interesting twist to the entire fairness standard. The court’s analysis didn’t examine whether the target company shareholders received a fair price for their shares but instead whether the buyer received proper value for the price paid.
This proxy season has brought two shareholder proposals requesting that Citigroup and Wells Fargo produce reports on how their financing projects impact Indigenous peoples’ rights. And although their proposals did not pass, shareholders looking to broaden the scope of the Equator Principles with Indigenous peoples in mind are gaining traction.