In a decision with potentially far-reaching implications for private equity sponsors and other controlling stockholders, the Delaware Court of Chancery expanded the potential for liability for foreign-based controllers by...more
4/5/2019
/ Acquisitions ,
Arm's Length Principle ,
Board of Directors ,
Breach of Duty ,
Business Judgment Rule ,
Bylaws ,
Civil Liability ,
Controlling Stockholders ,
Entire Fairness Standard ,
Fiduciary Duty ,
Foreign Subsidiaries ,
Forum Selection ,
Implied Consent ,
Minority Shareholders ,
Motion to Dismiss ,
Personal Jurisdiction ,
Private Equity ,
Self-Dealing ,
Shareholder Approval ,
Standard of Review ,
Subsidiaries
Addressing an unsettled area of Delaware law, the Delaware Court of Chancery (the “Chancery Court”) revisited the appropriate standard of review for a going-private merger with a controlling stockholder....more