Rather, her order was in connection to litigation filed by Common Cause, a nonpartisan group, which brought its lawsuit on Nov. 5, one day before the election.
"We would have strongly preferred to avoid litigation in connection with this matter," Mr. Walker wrote in the three-page letter to the White House and Congressional leaders.
Irrespective of whether this language of the law is clarified, in light of the breadth of the CCPA's key operative terms and provisions, the private right of action authority is likely to lead to a significant amount of class action litigation in connection with security breaches involving protected personal information.
A major goal of his was to reduce risk at the bank, then facing litigation in connection with its role in the collapse of Enron.
"This settlement does not resolve other securities-related litigation in connection with the Gulf of Mexico oil spill".
"This agreement avoids the uncertainties of a jury trial and will resolve all of the remaining litigation in connection with the Enhance study," Bruce N. Kuhlik, executive vice president and general counsel of Merck, said in a statement.
Accordingly, multi-jurisdictional litigation in connection with public M&A transactions could be curbed and the inefficiencies of simultaneously defending the same claim in multiples forums, including wasteful duplication of legal expenses, would not continue to be borne by Delaware target corporations and their stockholders.
If judges outside of Delaware enforce forum selection bylaws, absent a successful as-applied challenge, stockholder litigation in connection with a public M&A transaction involving a Delaware target corporation with a forum selection bylaw will be heard and decided in Delaware courts.
In an innovation known as litigation finance, a company with no connection to a commercial lawsuit provides money to support one of the parties in the case, in exchange for a share of the proceeds if the party wins — effectively investing in the lawsuit.
Carbide settled resulting litigation in 1989, agreeing to pay $470 million.
