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03Jun

Delaware Supreme Court Holds Indirect Equity Holders Not Bound by ROFR

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
Source Url: https://www.jdsupra.com/legalnews/delaware-supreme-court-holds-indirect-93532/

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