Morton Pierce

Morton Pierce

White & Case LLP

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In the Rural/Metro Decision, Delaware Court Emphasizes Conflicts of Interest in Finding Breaches of Fiduciary Duties

Citing various conflicts of interests involving management, board members and financial advisors, Vice Chancellor Laster of the Delaware Court of Chancery found that the Board of Directors of Rural/Metro Corporation (“Rural”)...more

3/12/2014 - Aiding and Abetting Board of Directors Breach of Duty Conflicts of Interest Fiduciary Duty

Delaware Supreme Court Confirms Liability for Failure to Negotiate in Good Faith

On appeal from the Delaware Court of Chancery, the Delaware Supreme Court, in SIGA Technologies, Inc. v. PharmAthene, Inc., recently held that an agreement to negotiate in good faith in accordance with a term sheet is an...more

6/6/2013 - Incorporation Liability License Agreements Mergers Negotiations Terms and Conditions

Delaware Court of Chancery Finds Business Judgment Rule Review Standard Applicable to Controlling Stockholder Merger Conditioned...

A recent decision of the Delaware Court of Chancery, In re MFW Shareholder Litigation, held that the business judgment rule standard of review applies in cases where a going-private transaction has been conditioned on both...more

6/5/2013 - Board of Directors Business Judgment Rule Controlling Stockholders Corporate Governance Going-Private Transactions Shareholders Stocks

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