23Dec
Chancery Addresses Fiduciary Duty Claims Related To Financial Statements Created For Merger
In re Baker Hughes Inc. Merger Litigation, C.A. No. 2019-0638 AGB (Del. Ch. Oct. 27, 2020). This decision arose out of a merger involving Baker Hughes and the oil and gas segment of General Electric (GE). Stockholders of Baker Hughes brought post-closing breach of fiduciary duty claims against certain officers of Baker Hughes and aiding and abetting claims against GE, with the allegations focused on certain financial statements provided by GE in connection with the merger....
By:
Morris James LLP
Related
A federal judge issued a temporary restraining order on Tuesday, December 31st, to halt enforcement ...
Read More >
The number of CFIUS notices filed is growing, more cases are extending into an investigation phase, ...
Read More >
In a May blog post we discussed several initial observations regarding the dozens of M&A transaction...
Read More >
The oil and gas industry in the United States is highly dependent upon an intricate set of agreement...
Read More >
As the coronavirus pandemic’s devastating impacts continue to evolve, governments at all levels (lo...
Read More >
I’m a long-suffering fan of the Mets and over the past two years, I’ve had to deal with the underw...
Read More >