26Aug
Entire Fairness Standard Applies Where Controller Has Substantive Discussions with Minority Stockholders before Agreeing to MFW Protections
In re HomeFed Corporation Stockholder Litigation, C.A. 2019-0592-AGB (Del. Ch. July 13, 2020) - This case illustrates that the Court of Chancery will apply the entire fairness standard to review a squeeze-out merger by a controller, if the controller engages in substantive economic discussions before the company has enacted the procedural protections outlined in Kahn v. M & F Worldwide Corp, 88 A.3d 635 (Del. 2014) (“MFW”) that would permit business judgment review. In this case, Jefferies...
By:
Morris James LLP
Related
Michigan has joined the majority of jurisdictions in holding that a general liability policy may pro...
Read More >
On December 31, 2019, the First District Illinois Appellate Court issued its decision in Owners Insu...
Read More >
The uncertainty of the COVID-19 crisis and its resulting economic effects continue to make each stag...
Read More >
In Matter of Pittsford Canalside Props., LLC v Village of Pittsford Zoning Bd. of Appeals, et al., t...
Read More >
The long-promised new Form I-9 is now available for use and downloading from the USCIS website. Alth...
Read More >
On Tuesday, August 27, 2019, President Trump formally nominated Eugene Scalia to serve as Secretary ...
Read More >