Foley Partner Gregory Monday and Associate Dylan Ahn authored an article titled “Corporations Need to Plan for a Leadership Crisis” in the July 29, 2009 issue of Dow Jones Corporate Governance. The authors provide a list of issues that company directors should address in the event of an unexpected loss of a company CEO, adding that a plan to appoint a successor CEO and implement a smooth transition of leadership is essential to preserving the value of a company.
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USPTO's AI Search Pilot May Reshape Patent Filing Strategy
The U.S. Patent and Trademark Office's Artificial Intelligence Search Automated Pilot, or ASAP, program introduces earlier visibility into the prior art landscape by providing applicants with an automated search results notice prior to substantive examination.
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Delaware Chancery Rejects “Race to the Courthouse” in Enforcing Texas Exclusive Forum Bylaw, Dismissing Three Derivative Lawsuits filed before Tesla’s Redomestication
On April 13, 2026, the Delaware Court of Chancery dismissed three derivative suits in In re Tesla, Inc. Derivative Litigation based on Tesla’s forum selection bylaw requiring that those lawsuits be brought in Texas. All three derivative lawsuits were filed after Tesla announced its proposal to redomesticate and adopt a Texas exclusive forum bylaw but before the redomestication and amended bylaw became effective after shareholder approval.