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18Mar

Delaware Court Of Chancery Holds That A Special Committee Must Be Constituted Ab Initio In Order To Cleanse A Transaction Involving A Conflicted Board Majority

On February 27, 2020, Vice Chancellor Sam Glasscock III denied a motion to dismiss breach of fiduciary duty claims brought by a former stockholder of Intersections, Inc. (the “Company”), challenging the take-private acquisition of the Company....
By: Shearman & Sterling LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-court-of-chancery-holds-that-a-62183/

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