X
29Jan

Chancery Dismisses Stockholder Claims that a Minority Owner was a Controlling Stockholder or that a Majority of the Board was Beholden to the Minority Owner in Approving a Merger Transaction with the Minority Owner

In re: Essendant, Inc. Stockholder Litigation, C.A. No. 2018-0789-JRS (Del. Ch. Dec. 30, 2019). When as here a Delaware corporation’s charter contains an exculpation provision under Section 102(b)(7) of the Delaware General Corporation Law,...
By: Morris James LLP
Source Url: https://www.jdsupra.com/legalnews/chancery-dismisses-stockholder-claims-58586/

Related

Post-Covid Projects “Restarts”: Contractors Caught Between A Rock & A Hard Place?

Even after New York Governor Andrew M. Cuomo’s New York “PAUSE” program was replaced by the New Y...

Read More >

Public Takeovers in Germany

Welcome to the third edition of our “Public Takeovers in Germany” newsletter. It provides an overv...

Read More >

Labor Department Proposes New Safe Harbor For Electronic Disclosure Under ERISA

The Department of Labor (DOL) recently issued proposed regulations updating the safe harbor for the ...

Read More >

Department of Labor Issues Opinion Letter Regarding Timekeeping Rounding Practices

On July 1, 2019, the Wage and Hour Division of the U.S. Department of Labor issued several new opini...

Read More >

2019 Financial Services M&A and Capital Markets Year in Review

Although it was very quiet on the western front (in particular, in California), 2019 was generally a...

Read More >

Lex Covid - A brief overview of new Acts prohibiting lease termination for non-payment of rent (Czech Republic)

On April 22, 2020, the Chamber of Deputies of the Czech Republic rejected changes suggested by the S...

Read More >