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Freeze-outs have been subject to different standards of judicial review in Delaware since 2001, when the Delaware Chancery Court, in In re Siliconix Inc. [read post]
NetSpend Holdings, Inc. [2]—whether a board of directors satisfied its Revlon duties in connection with a sale-of-control transaction involving negotiations with a single bidder. [read post]
6 Jun 2007, 5:12 am
”Citing to the 8th Circuit case In re Charter Commc’ns, Inc., Sec Litig., 443 F.3d 987, 992 (8th Cir. 2006), the court emphasized that participation in a legitimate business transaction that is lacking deceptive purpose or effect shields a party from primary liability. [read post]
11 Feb 2016, 9:00 am
Sanchez, as well as discussing In re Cornerstone Therapeutics Inc., Shareholder Litigation and In re Dole Food Co., Inc. [read post]
7 Mar 2012, 2:00 am by Stephanie Figueroa
Sullivan & Cromwell recently released a publication discussing the Delaware Chancery Court’s decision in In re Micromet, Inc. [read post]
27 Jun 2017, 9:00 am by Brett M. McCartney
In In re Appraisal of PetSmart, one of Delaware's largest appraisal litigations in history, the Delaware Court of Chancery held that the deal price in PetSmart Inc.'s going-private transaction was the best evidence of fair value. [read post]