THIS STORY HAS BEEN UPDATED WILMINGTON- Despite the criticism from legal experts, Governor Matt Meyer’s Senate Bill 21 advanced to the House on Wednesday. The legislation seeks to address ambiguities in corporate decision-making by providing a safe harbor for independent directors and refining shareholder governance structures. These updates are designed to strike a fair balance between management authority and shareholder …
Barclays satisfies $1.66M city assessment over wage taxes that led to lawsuits
WILMINGTON — Barclays US Consumer Bank has satisfied the city of Wilmington’s three lawsuits demanding nearly $1.7M in unpaid wage taxes. “We have satisfied the request, and the assessment has been paid in full as of today,” said a Barclays spokesman. “We are not disputing the assessment. Unfortunately, we simply did not pay the assessment as quickly as we would …