The plaintiffs in In Re Volcano Corp. Stockholder Litigation were former public stockholders of a company that was acquired for $18 per share in an all-cash merger. Just five months prior, the target company had declined an...more
In an October 2, 2015 decision, Corwin, et al. v. KKR Financial Holdings LLC., et al., the Delaware Supreme Court clarified that once a merger closes, as long as it has been approved by a fully informed vote of the...more
Public companies incorporated in Delaware frequently adopt a charter provision, pursuant to 8 Del. C. ยง 102(b)(7), that insulates their directors from monetary damages for breaches of the fiduciary duty of care. Those...more