12Aug
Chancery Court Honors Shareholder Representative Provision Holding Selling Stockholders Are Not Real Parties-In-Interest
In Fortis Advisors LLC, v. Allergan W.C. Holding Inc., C.A. No. 2019-0159-NTZ (Del. Ch. May 14, 2020), a shareholder representative appointed pursuant to a merger agreement asserted a claim on behalf of selling stockholders for certain contingent payments. The defendant surviving corporation brought a motion in the Delaware Court of Chancery (the “Court”) to (i) compel the selling stockholders to participate in discovery as parties-in-interest to the action and to be subject to trial subpoenas...
By:
K&L Gates LLP
Related
Fear of the coronavirus is causing many employers to permit—or in some cases mandate—employees to ...
Read More >
Second Requests are high velocity, high volume, and high visibility — under normal circumstances. N...
Read More >
8 months on since the outbreak of the COVID-19 pandemic in Singapore, the pandemic continues to pose...
Read More >
The Colorado Department of Labor and Employment recently adopted the Colorado Overtime and Minimum P...
Read More >
On February 27, 2020, the Ninth Circuit issued a long-anticipated decision in Rizo v. Yovino. Consis...
Read More >
It's been a year since the European Commission published its Fifth Report on the application of the ...
Read More >