X
22Mar

Delaware Chancery Court Holds That a Transaction Involving a Conflicted Board Majority Can Be Cleansed If Appropriate Safeguards Are Implemented

In a legal challenge to a corporate transaction, the applicable standard of review is often outcome determinative. The deferential business judgment rule applies where the board is not majority conflicted. The burden is on the challenger to show bad...
By: White and Williams LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-chancery-court-holds-that-a-74248/

Related

Five Things to Consider When Selling Your CBD Business

For many business owners, the intended exit strategy is to sell to a competitor or a larger company,...

Read More >

Impact of New Department of Labor HRA Regulations on Retiree Only HRAs

On June 13, 2019, the Department of Labor (the “DOL”), along with the Departments of Treasury and ...

Read More >

Foreign Nurses: Are You Qualified to Work in the US?

Provided their qualifications meet the necessary standards, nurses educated and trained outside the ...

Read More >

The Netherlands: Scan your employees, not their fingerprints

At the end of 2019, Dutch department store chain HEMA announced it was going to stop using fingerpri...

Read More >

"Better Ingredients, Better Pay?" – Federal Court Provides Guidance on FLSA Compliance and Reimbursement of Expenses for Pizza Delivery Drivers

Executive Summary: On November 5, 2019, a federal district court in Ohio issued a decision clarifyin...

Read More >