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
Last June, Governor Lamont signed into law the “Time’s Up Act” (P.A. 19-16), which significantly ...
Read More >
Two of the four members of the National Labor Relations Board (NLRB) have indicated they are willing...
Read More >
The Tax Cuts and Jobs Act of 2017 created a lucrative new tax incentive for certain business owners:...
Read More >
Trucking Company Uses A Strength Test That Discriminates Against Women Truck Drivers, Federal Agency...
Read More >
Real estate transactions subject to Committee on Foreign Investment in the United States (CFIUS) rev...
Read More >
• On September 10, 2019, the California State Legislature passed AB 5, which codifies the “ABC tes...
Read More >