Examples of SLC Counsel in a sentence
Federal Plaintiff’s Counsel and SLC Counsel also discussed the status of the SLC’s investigation and next steps, including the possibility of engaging in mediation to explore a potential resolution of the matter.
Id. SLC Counsel felt the best course of action would be to use the leverage created by the litigation and ensuing successful investigation to extract significant concessions and a restructuring of the terms of the Loan.
Id.On January 15, 2013, Plaintiffs’ Counsel held a telephonic meeting with SLC Counsel to discuss Plaintiffs’ Counsel’s letter of December 21, 2012.
Only ten percent of the wastewater throughput in the tank generating this waste is associated with HCN production; the percentage contribution from the HCN process to this oily layer is likely to be much lower, because other petrochemical processes on-site are likely sources of the organic material.
At the meeting, SLC Counsel acknowledged that a wholesale review of the relationship between CCC and Outdoor, triggered by Plaintiffs’ allegations, had uncovered evidence that the SLC believed could support claims against the members of the Outdoor Board for breaches of their fiduciary duties to Outdoor and its public shareholders.
Id.On February 7, 2013, Plaintiffs’ Counsel met with SLC Counsel to discuss the settlement proposal.
On December 21, 2012, Plaintiffs’ Counsel sent a letter to SLC Counsel noting that during the stay, the outstanding balance of the Loan grew to $723.3 million while CCC’s credit rating continued to reflect a likely default.
Upon the Effective Date, each of the Settling Parties shall be deemed to have fully, finally, and forever released, relinquished, and discharged the members of the SLC and SLC Counsel from all claims (including Unknown Claims), arising out of, relating to, or in connection with the investigation, settlement, or resolution of the Derivative Actions or the Released Claims.
After reviewing the SLC Report and discussingthe case with SLC Counsel, it is clear the investigation was conducted in good faith.
Federal Plaintiff’s Counsel made a presentation to SLC Counsel that addressed, among other things, (i) the factual allegations, the legal theories for recovery, and the damages alleged to have been suffered by the Company; (ii) corporate governance and other changes that had been made at the Company since the commencement of the Federal Derivative Action; and (iii) potential additional corporate governance measures that could help prevent a recurrence of the alleged wrongdoing.