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News from BTLG:

Successor liability: Mere continuation revisited
A corporation which acquires the assets of another corporation is not liable for the debts and liabilities of the predecessor corporation, absent several exceptions
Demand refusal: Board action without a Special Litigation Committee
The Maryland Court of Special Appeals clarifies the appropriate standard of review of board action without the use of a special litigation committee (“SLC”).
Unpaid Interns: Discrimination and Accommodation
The federal courts have historically held that civil rights protections under Title VII of the Civil Rights Act of 1964 do not extend to unpaid interns.
Letters of Intent: don’t assume you can’t be bound to terms within a letter of intent
The fact that a letter of intent contemplates future agreements does not alone render the terms unenforceable.
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