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
The US antitrust regulators continue to challenge consummated transactions. On January 3, 2020, the ...
Read More >
An Illinois appellate court decision that recently overturned an employer’s effort to protect again...
Read More >
The National Labor Relations Board (NLRB) has held under the National Labor Relations Act (NLRA) tha...
Read More >
If your business is one of the 570,000 issued a No-Match Letter from the Social Security Administrat...
Read More >
Being a 401(k) plan sponsor isn’t easy. Half the battle is identifying your responsibilities as a p...
Read More >
The trucking industry is closely tied to the automotive industry. The trucking industry transports ...
Read More >