06Feb
Delaware Supreme Court Adopts Primedia Test for Post-Merger Shareholder Actions
In Morris v. Spectra Energy Partners (DE) GP, LP,1 the Delaware Supreme Court clarified the test for determining when former equityholders have standing to pursue post-merger direct claims for a controller’s alleged failure to secure the value of a material derivative claim during the merger negotiations. Under Delaware law, and following the acquisition of an…...
By:
Dechert LLP
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