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Delaware Court of Chancery Allows Merger-Based Breach of Fiduciary Duty Claims to Proceed
16 Mar 2021, 6:20 am
Presidio, Inc., a shareholder of Presidio filed suit against Presidio’s CEO, its board of directors, Apollo Global Management LLC (Presidio’s controlling shareholder, owning approximately 42% of its outstanding common stock), LionTree Advisors, LLC (financial advisor to both Presidio and Apollo), and the acquiror, BCP. [read post]
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
Presidio Shines Light on Key Delaware Deal Litigation Trends and Topics
17 Jul 2021, 9:47 pm
Approximately seven months earlier, in May 2019, Presidio’s controlling stockholder began exploring a sale of the company, assisted by financial advisor LionTree Advisors, LLC (LionTree). [read post]
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov