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Business Judgment Rule Share Classes

Akin Gump Strauss Hauer & Feld LLP

New York High Court Adopts Business Judgment Rule for Going-Private Transactions When Certain Minority Shareholder Protections Are...

Background of Kenneth Cole Productions Shareholder Litigation - The case involved Kenneth Cole Productions (KCP), a public New York corporation well-known as the designer and marketer of shoes, apparel and accessories....more

A&O Shearman

New York Follows Delaware, Applies Business Judgment Rule to Going-Private Mergers

A&O Shearman on

On May 5, 2016, the New York Court of Appeals ruled that courts should apply the business judgment rule in shareholder lawsuits challenging going-private mergers, as long as shareholders were adequately protected—a decision...more

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