Walker Newell & Lenin Lopez (Woodruff & Sawyer): Navigating D&O Risk, Delaware Exit, and Boardroom Litigation
Description
(0:00 ) Intro to this episode
(1:43 ) About the podcast sponsor: The American College of Governance Counsel.
(2:30 ) Start of interview
(3:09 ) Walker Newell's origin story
(6:38 ) Lenin Lopez' origin story
(9:21 ) Intro to Woodruff Sawyer, and their focus on corporate law and securities litigation.
(14:00 ) The Importance of Corporate Governance
(14:38 ) On the Gallagher merger (WS was acquired for $1.2B)
(15:10 ) Advising boards on D&O insurance (corporate and litigation). *Reference to E42 with Priya Cherian Huskins (2021)
(17:59 ) The Delaware Exit ("DExit"). Impact of Derivative Suits. *Reference to VCBA
(26:23 ) Delaware vs. Texas and Nevada
(29:00 ) Understanding Delaware's SB21. Books and records demands. D&O questionnaires.
(33:18 ) The current state of IPOs and SPACs (and impact of D&O insurance pricing)
(37:33 ) The trend of SPAC companies incorporated in the Cayman Islands. SEC revisiting Foreign Private Issuer eligibility.
(41:15 ) Trends in Securities Class Actions (~60% filed against tech or biotech companies).
(47:24 ) Litigation in Private Markets. *Reference to Startup Litigation Digest
(53:27 ) The hardships of life-science companies
(56:15 ) How the federal and status regulatory apparatus is evolving, particularly on AI.
(58:52 ) The evolving role (and burdens) of board members. Example: DOJ whistleblower rules
(1:01:21 ) What are the 1-3 books that have greatly influenced your life:
- Lenin: The Life and Death of Ivan Ilych by Leo Tolstoy (1902)
- Walker:
- The Savage Detectives by Roberto Bolaño (1998)
- Maus: A Survivor's Tale by Art Spiegelman (1991)
(1:04:03 ) Who were their mentors, and what they learned from them.
(1:06:27 ) Quotes they think of often or live their life by.
- Lenin: "Al mal tiempo, buena cara"
- Walker: "Enjoy every sandwich"
(1:08:22 ) An unusual habit or an absurd thing that they love.
(1:09:50 ) The living person they most admire
- Lenin: Tony Hawk
- Walker: Rory McIlroy
You can follow Evan on social media at:
X: @evanepstein
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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License