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Board of Directors Change of Control

Faegre Drinker Biddle & Reath LLP

The Corporate Guide: Directors Obligations During a Change in Control Under Revlon

Revlon Duties Generally Described - The sale of a company or other change of control situations give rise to Revlon duties, requiring a company’s board to take reasonable steps to obtain the best price available for the...more

Sheppard Mullin Richter & Hampton LLP

Delaware Supreme Court Adopts New Three-Prong Test for Demand Futility

In United Food & Commercial Workers Union & Participating Food Industry Employers Tri-State Pension Fund v. Zuckerberg, No. 404, 2020, — A.3d –, 2021 WL 3433261 (Del. Sept. 23, 2021), the Delaware Supreme Court adopted a new...more

Mintz

For closely held companies: Is there, or will there soon be, a significant lender in your life?

Mintz on

Ten considerations for closely held companies incurring debt in connection with minority investments by private equity sponsors, growth financing, or dividend recapitalizations....more

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