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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/

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