In this issue:
- Delaware Court of Chancery Rules That a Major Debt Holder and 48 Percent Stockholder Is a Controlling Stockholder and Owes Fiduciary Duties to Minority Stockholders
- Delaware Court of Chancery Applies Entire Fairness Standard to Going-Private Transaction with a Controlling Stockholder Negotiated by Special Committee and Approved by a Majority of the Minority Stockholders
- FINRA Proposes to Amend Rule 2360
- SEC to Hold Open Meeting on Cross-Border Security-Based Swap Definitions
- JAC Issues Guidance on FCM Financial Information Disclosure Requirements
- SEC Releases Guidance on Affiliated Transactions of Series Investment Companies
- Delaware Court of Chancery Finds Contract Rate Applies to Post-Judgment Interest
- SEC Obtains Settlement for Investment Adviser’s Real Estate Investment Fraud
- Excerpt from Delaware Court of Chancery Rules That a Major Debt Holder and 48 Percent Stockholder Is a Controlling Stockholder and Owes Fiduciary Duties to Minority Stockholders:
In Hamilton Partners, L.P. v. Highland Capital Management, L.P., the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims brought by former stockholders of American Home Patient, Inc. (AHP) against Highland Capital Management, L.P in connection with a going-private transaction.
Please see full newsletter below for more information.
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