07Oct
Fraud on the Board II: Conflicted CEO Tilts Company Sale in PE Firm’s Favor
In In re Mindbody, Inc. Stockholders Litigation, the Delaware Court of Chancery declined to dismiss breach of fiduciary duty claims against the chief executive officer of MINDBODY, Inc. (the Company) arising out of the Company’s 2019 sale to private equity firm Vista Equity Partners. In what is becoming an increasingly common claim in M&A litigation, the court found it reasonably conceivable that the CEO, unbeknownst to the Company’s board of directors, favored Vista in the sale process due to...
By:
Troutman Pepper
Related
USCIS Officially Releases Regulations Regarding Its H-1B Electronic Registration Tool for the FY 202...
Read More >
Trilliant Health has announced it received a “major growth investment” by Primus Capital. Trillia...
Read More >
The coronavirus pandemic is taxing government services and infrastructure in numerous ways, and many...
Read More >
Massachusetts employers should be making their final preparations for the Massachusetts Paid Family ...
Read More >
On February 21, 2020, OFCCP launched an online training platform called the Contractor Compliance In...
Read More >
The Justice Department’s recent revisions to the Evaluation of Corporate Compliance Programs highli...
Read More >