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28 Nov 2011, 11:03 am by Sean Wajert
Ford Motor Co. et al., No. 11-1665; Kerman et al. v. [read post]
Ernst Volgenau, et al [1] (the “SRA” decision), Vice Chancellor Noble continued a recent trend in Delaware case law involving acquisitions of companies with a controlling stockholder—if robust procedural protections are properly used (such as the recommendation of an empowered, disinterested special committee and the transaction is conditioned on a non-waivable vote of the majority of all minority target stockholders), the standard of judicial… [read post]