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
The UK Information Commissioner's Office announced more than £280 million of fines last week, in con...
Read More >
On June 18, 2019, the Federal Trade Commission (FTC) hosted a workshop to discuss and analyze the ef...
Read More >
June 20, 2019 – Walmart (NYSE: WMT) and its subsidiary, WMT Brasilia, agreed to a combined criminal...
Read More >
The Illinois General Assembly recently passed a number of bills that will, if signed by Governor Pri...
Read More >
Gone are the days when you could blow off state and local taxes in transactions! Erica Svboda and Ry...
Read More >
A recent opinion issued by a trial court in New York, Rad and D’Aprile, Inc. v. Arnell Construction...
Read More >