07Jul
Delaware Supreme Court Reverses Dismissal Of Merger-Related Breach Of Fiduciary Duty Claims Regarding Allegedly Undisclosed Conflict Of Interest
On June 30, 2020, in an en banc opinion authored by Justice Karen L. Valihura, the Supreme Court of Delaware reversed the Delaware Court of Chancery’s dismissal of a stockholder lawsuit arising out of the merger between Towers Watson & Co. (“Towers”) and Willis Group Holdings Public Limited Company (“Willis”). City of Fort Myers Gen. Emps.’ Pension Fund v. Haley, C.A. 2018-0132-KSJM (Del. June 30, 2020). As we discussed in our prior post, plaintiffs, who had been stockholders of Towers, alleged...
By:
Shearman & Sterling LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-supreme-court-reverses-73397/
Related
Primary HSR filing threshold will be decreased to $92 million - The Federal Trade Commission has a...
Read More >
On February 1, 2021, the Federal Trade Commission (FTC) announced the annual changes to the Hart-Sco...
Read More >
Employers today face constant hurdles in their day-to-day operations, and startups are no different....
Read More >
On September 24, 2019, the U.S. Department of Labor (DOL) issued its final overtime rule regarding t...
Read More >
Congress is working to advance a strong emergency funding supplemental package, estimated to be betw...
Read More >
The California Environmental Quality Act (CEQA) requires state and local government agencies to iden...
Read More >