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Shareholders Seeking Books and Records Must Demonstrate Credible Basis to Infer Wrongdoing

USA - February 13 2017 On February 2, 2017, the Delaware Court of Chancery reaffirmed that shareholders seeking to inspect the books and records of Delaware corporations...

Ryan M. Philp, Adam J. Fine.

New York Adopts Delaware Standard for Going-Private Transactions

USA - May 6 2016 On May 5, 2016, the New York Court of Appeals affirmed the dismissal of a shareholder class action and formally adopted the standard of review for...

David R. Kolker, Ryan M. Philp.

Two Recent Delaware Decisions Further Illustrate The Scope Of Section 220 Discovery

USA - February 25 2016 Two recent Delaware Court of Chancery decisions demonstrate that narrow statutory standards continue to govern access to corporate books and records...

Ryan M. Philp.

Delaware Court holds interested directors liable for "fairer price" in going private transaction

USA - September 8 2015 In one of the largest ever M&A-related recoveries for shareholders, Vice Chancellor J. Travis Laster ordered Dole Food Company, Inc.'s Chairman and...

Benjamin Z. Koblentz, Ryan M. Philp.

Delaware Supreme Court clarifies pleading standard for claims against independent directors

USA - May 15 2015 Yesterday, in In re Cornerstone Therapeutics, Inc. Stockholder Litigation, the Supreme Court of Delaware held that plaintiffs seeking monetary...

Ryan M. Philp, Laura Prebeck Hang.