X
22Oct

Delaware Court Of Chancery Applies Entire Fairness Standard To Breach Of Fiduciary Duty Claim Arising From Asset Sale That Benefited Senior Preferred Unitholder

On October 11, 2019, Vice Chancellor Kathaleen S. McCormick of the Delaware Court of Chancery dismissed all but one claim arising out of an asset sale by Pro Performance Sports, LLC (“Pro Performance”) to private equity firm Implus Footcare LLC...
By: Shearman & Sterling LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-court-of-chancery-applies-78141/

Related

U.S. Transportation Department Proposes Relaxing Driver Hours-of-Service Rules

In response to complaints from the trucking industry, on August 14 the federal Department of Transpo...

Read More >

How Might Virginia’s New Legislative Trifecta Affect Employers in the Commonwealth in 2020?

In the November 2019 election Virginia gained a Democratic “trifecta”—both legislative chambers a...

Read More >

Employers OTO Get Ready.

Review your arbitration programs now, and consider making changes by year-end. (Part 1 of a two-par...

Read More >

Transferring Personally Identifiable Information in Bankruptcy M&A - Part 2

With data privacy issues constantly in the news, what do businesses need to know about handling pers...

Read More >

NLRB Relaxes Standard for Employer Changes to Employees' Terms and Conditions of Employment

This week, the National Labor Relations Board (the Board) made it easier for employers to change the...

Read More >

District Court Decertifies FLSA Collective Action With Independent Contractor Issues

We’ve commented many times before that relatively few collective actions survive the “second stage...

Read More >