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
A new federal bill would ban loot boxes, the controversial in-game rewards that have recently made h...
Read More >
A constantly evolving framework of laws governing how multinational businesses can contact customers...
Read More >
The World Health Organization (WHO) has declared the coronavirus disease 2019 (COVID-19) outbreak a ...
Read More >
A number of trends in the financial services industry related to consumer behavior have snowballed s...
Read More >
When Steve Jobs would lead an Apple press conference, he would always end it with “one more thing,”...
Read More >
With the new year comes the likelihood that the U.S. Supreme Court, the California Supreme Court, an...
Read More >