29Dec
Recent MFW-Related Developments in Delaware Courts
In 2014, the Delaware Supreme Court’s landmark Kahn v. M&F Worldwide Corp.1 (MFW) decision established that the deferential business judgment standard of review could apply to controlling stockholder “squeeze-out” mergers under certain circumstances. Six necessary conditions must be satisfied for a transaction to obtain business judgment review under MFW: (i) the transaction is conditioned ab initio, or “from inception,” on the approval of a special committee and a majority-of-the-minority...
By:
Skadden, Arps, Slate, Meagher & Flom LLP
Related
The U.S. Department of Labor released three opinion letters in 2019 regarding the Family and Medical...
Read More >
The whistleblowing rules in Europe are about to change dramatically. The new Directive on the protec...
Read More >
Participants in M&A transactions may lose eligibility, possibly retroactively, for the “employee re...
Read More >
On August 12, 2019, New York State (NYS) amended its Human Rights Law to make it easier to prove dis...
Read More >
As we began to describe on March 18, the economic impacts of the ongoing coronavirus/COVID-19 pandem...
Read More >
During the 2019 legislative session, the Maryland House and Senate voted to enact the Criminal Recor...
Read More >