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What’s so “special” about a “special committee”?

McCarthy Tétrault LLP
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Canada, USA
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June 18 2013

In a recent bench ruling in Re Plains Exploration, the Delaware Court held that a special committee was not required to take the lead in merger

$1.26 billion damage award highlights gulf between Delaware and Canadian scrutiny of special committees

McCarthy Tétrault LLP
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Canada, USA
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November 9 2011

In the recent Delaware decision of In Re Southern Peru Copper Corporation, Chancellor Strine awarded an eye-popping $1.26 billion in damages against a corporate controlling shareholder and its nominee directors in a related-party merger transaction, because the special committee’s efforts to secure a good deal for minority shareholders were found to be lacking

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Workarea - Litigation
Workarea - Company & Commercial
Workarea - Corporate Finance/M&A
Jurisdiction - Canada
Jurisdiction - USA
Firm Name - McCarthy Tétrault LLP

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What’s so “special” about a “special committee”?

$1.26 billion damage award highlights gulf between Delaware and Canadian scrutiny of special committees

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