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30 Aug 2016, 9:00 am by Edward M. McNally
Larkin v Shah, C.A. 10918-VCS (August 25, 2016) This is one of two recent Court of Chancery decisions explaining that the Corwin case really does mean that there is an “irrebuttable business judgment rule” that bars challenges to a merger approved by a majority of the fully-informed, disinterested and uncoerced stockholders, in the absence of the deal involving a controlling stockholder who suffers from a conflict in the merger. [read post]