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Delaware Supreme Court sheds more light on Revlon duties in reversing Chancery Court

Baker McKenzie

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USA May 26 2009

On March 25, 2009, the Delaware Supreme Court issued an important opinion in Lyondell v. Ryan that reverses a prior Delaware Chancery Court opinion and clarifies when the board’s Revlon duties arise to seek the best price reasonably available to stockholders when selling the company.

Content is provided for educational and informational purposes only and is not intended and should not be construed as legal advice. This may qualify as "Attorney Advertising" requiring notice in some jurisdictions. Prior results do not guarantee similar outcomes. For more information, please visit: www.bakermckenzie.com/en/client-resource-disclaimer.

Baker McKenzie - Lewis Popoff

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