X
12Jul

Delaware Court of Chancery Confirms Ability of Stockholders to Assert Third-Party Beneficiary Claims Under Merger Agreements

Locke Lord LLP | | Return|
A common provision in merger agreements is denial of the right of non-parties to the agreement to assert third-party beneficiary claims. The use of this provision left open the question whether stockholders of a disappearing target company could...
By: Locke Lord LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-court-of-chancery-confirms-77981/

Related

U.S. Department of Labor Targets Forced Labor in Fashion Industry

The U.S. Department of Labor (“DOL”) has allocated $22 million to target the growing issue of abus...

Read More >

Commonwealth Ruling Addresses Defendant Actions through a Compromise and Release Agreement

On August 7, 2019, the Commonwealth Court ruled that the defendant in a fully denied workers’ compe...

Read More >

Decrease in HSR Reportability Thresholds and Other HSR Developments

On February 2, 2021, the Federal Trade Commission (FTC) announced the annual adjustment of the thres...

Read More >

Chancery Denies Derivative Plaintiff’s Motion to Compel Work Product Prepared by Oracle’s Special Litigation Committee

In re Oracle Corp. Derivative Litig., C.A. No. 2017-0337-SG (Del. Ch. July 9, 2020) - After investi...

Read More >

[Video] Williams Mullen's COVID-19 Comeback Plan: Streamlining Your Commercial Contract Negotiations

Corporate attorney Carrie Stanton provides several suggestions on what companies can do to make cont...

Read More >

December 2019 Tax Act Provides Relief To Tax-Exempt Organizations: Repeals Church Parking Tax

On December 20, 2019 the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (2019 Disaster Act) ...

Read More >