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What Are “Books and Records”? Delaware Reduces Uncertainty Surrounding Stockholder Inspection Rights

With the whirlwind of recent events threatening Delaware’s standing as the preeminent jurisdiction for incorporation in America, press coverage understandably has centered around certain high-profile billionaires and the...more

Delaware Chancery Court Finds Former CEO Liable for Fraud Arising Out of Sale of Payment-Processing Company to Private Equity...

On December 3, 2018, the Delaware Court of Chancery held in a post-trial ruling that a payment-processing company’s former CEO committed fraud in connection with the 2011 sale of the company to a private-equity investor for...more

New York Courts Reject Disclosure-Based Settlements of Merger Lawsuits

In two recent rulings, the New York Supreme Court rejected settlements arising from lawsuits in which plaintiff stockholders challenged the defendant public companies’ merger-related disclosures. The court in each case...more

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