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06Feb

Delaware Supreme Court Adopts Primedia Test for Post-Merger Shareholder Actions

Dechert LLP | | Return|
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
Source Url: https://www.jdsupra.com/legalnews/delaware-supreme-court-adopts-primedia-2558959/

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