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
Seyfarth Synopsis: U.S. District Court in New York issued a nationwide injunction blocking the impl...
Read More >
The economic crisis of Covid-19 could provide a counterintuitive catalyst for delivering the Norther...
Read More >
When it comes to marijuana, the legal landscape is changing rapidly. Ten states, including Californi...
Read More >
COSO was adopted in 1992 as a framework for basis to design and then test the effectiveness of inter...
Read More >
A California state appellate court has ruled that the correct rate for paying meal and rest period p...
Read More >
As Canada takes steps towards economic recovery from the COVID-19 pandemic, the health and safety co...
Read More >