In 2013, Michael Dell and Silver Lake Group LLC took Dell, Inc. private through a leveraged buyout. The privately held successor of Dell, Inc. was Dell Technologies Inc. (the “Company”), which Mr. Dell and Silver Lake control....By: Stinson - Corporate & Securities Law Blog
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In DLO Enterprises, Inc. v. Innovative Chemical Products Group, LLC, the Delaware Court of Chancery discussed privilege waiver in a dispute between a buyer and a seller involving an asset purchase agreement. The dispute centered around which party...By: Stinson - Corporate & Securities Law Blog
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In Borealis Power Holdings Inc. v. Hunt Strategic Utility Investment, L.L.C., the Delaware Supreme Court reversed the Court of Chancery and held the ROFR in an investor rights agreement was not applicable to an indirect equity holder....By: Stinson - Corporate & Securities Law Blog
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The SEC has adopted amendments to the financial disclosure requirements in Regulation S-X for acquisitions and dispositions of businesses. When a registrant acquires a significant business, other than a real estate operation, Rule 3-05 of Regulation...By: Stinson - Corporate & Securities Law Blog
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Fortis Advisors LLC, v. Allergan W.C. Holding Inc. addressed defendant Allergan’s request for an order requiring the former stockholders of Oculeve, Inc. to participate in discovery as real parties in interest and to be subject to trial subpoenas as...By: Stinson - Corporate & Securities Law Blog
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Private equity firm Oak Hill Capital Partners owned ODN Holding Corporation, a holding company for Oversee.net. Oak Hill owned a majority of the Company’s common stock and all of its Series A Preferred Stock (the “Preferred Stock”)....By: Stinson - Corporate & Securities Law Blog
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The FTC announced early terminations would once again be available for merger and acquisition filings under the HSR Act. On Monday, March 13, as part of the FTC’s response to the COVID-19 coronavirus situation, and in partnership with the Antitrust...By: Stinson - Corporate & Securities Law Blog
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The FTC recently released the following information. Due to the developing COVID-19 coronavirus pandemic, and consistent with guidance from the Office of Personnel Management, the Premerger Notification Office (PNO) will implement a temporary...By: Stinson - Corporate & Securities Law Blog
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On January 13, 2020, the U.S. Department of Treasury published final regulations relating to the Committee on Foreign Investment in the United States, or CFIUS. The regulations implement the Foreign Investment Risk Review Modernization Act of 2018,...By: Stinson - Corporate & Securities Law Blog
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In McElrath v. Kalanick et al, the Delaware Supreme Court examined the liability of directors of Uber for an acquisition. The case arose out of Uber’s acquisition of Ottomotto LLC. Otto was founded by Anthony Levandowski, a former employee of...By: Stinson - Corporate & Securities Law Blog
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