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
Many still recall the SARS outbreak, which caused a slowdown in the economy and a plunge in the stoc...
Read More >
Seyfarth Synopsis: On November 27, 2019, the United States Court of Appeals for the First Circuit he...
Read More >
COVID-19 has made its way into various industries throughout the world, and Pennsylvania’s construc...
Read More >
Dividend Timetable Revisions - On 25 March 2020, the LSE published Market Notice N07/20 which provi...
Read More >
The Small Business Administration’s latest guidance tells PPP lenders under what conditions they ma...
Read More >
On August 12, 2019, Governor Andrew Cuomo signed into law Senate Bill 506577 / Assembly Bill A8421, ...
Read More >