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
Source Url: https://www.jdsupra.com/legalnews/recent-mfw-related-developments-in-58174/
Related
In this month's edition of our Privacy & Cybersecurity Update, we examine the Seventh Circuit's ruli...
Read More >
In this OnPoint, we report on two changes to the taxation of termination payments to departing emplo...
Read More >
The Subletting and Subcontracting Fair Practices Act (Public Contract Code section 4100 et seq.), al...
Read More >
Seyfarth Synopsis: Governor Newsom has approved some of the bills most feared by employers, includin...
Read More >
You might be surprised to learn that the Occupational Safety and Health Administration (OSHA) enforc...
Read More >
In Pena v. Honeywell International, Inc., issued on July 22, 2019, the U.S. Court of Appeals for the...
Read More >