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“Depending on how this case ultimately shakes out, it could set certain standards or guide us towards how future activity may or may not be regulated, and I think that’s where it’s most interesting,” said Benjamin Jaffe, a partner at New York law firm Pryor Cashman.        

The high court concluded that the state Legislature intends for the metropolitan court to create a record of its civil proceedings.        

Boards of directors will need to take a closer look at which directors are truly independent and ensure they negotiate pay packages, not just acquiesce.        

This suit was surfaced by Law.com Radar, ALM’s source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be among the first to know about new suits in your region, practice area or client sector.        

Having a compensation system that clearly outlines partner expectations, provides the partners with the ability to validate the results by communicating the results back to them does more to build collegiality than an opaque system that, by its design, promotes distrust and ill will among partners.