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Deferential business judgment rule applied to third party acquisition of target with a controlling stockholder

USA - August 7 2013 Court of Chancery determines that the use of both a special committee and majority-of-the-minority vote will result in application of the business...

Alan J. Stone.

Court of Chancery holds that forum selection bylaws are statutorily and contractually valid

USA - June 27 2013 In the consolidated decision of Boilermakers Local 154 Retirement Fund v. Chevron Corporation, et al. and ICLUB Investment Partnership v. FedEx...

Alan J. Stone.

Deferential business judgment rule can apply to going private transactions with controlling stockholders

USA - June 3 2013 In In Re MFW Shareholders Litigation, Chancellor Strine held that the standard of judicial review applicable to going private mergers with...

Roland Hlawaty, Alan J. Stone.

NetSpend board in breach of Revlon duties as sale process is determined not to be designed to produce best price

USA - May 30 2013 In a highly contextual decision on a motion for a preliminary injunction, Vice Chancellor Glasscock recently held in Brenda Koehler v. NetSpend...

Alan J. Stone.

Delaware Chancery Court denies summary judgment on Revlon claims

USA - May 15 2013 Recently, in In re Plains Exploration & Production Company Stockholder Litigation1, the Delaware Court of Chancery denied the plaintiffs' request for...

Roland Hlawaty.