On May 3, 2019, the Securities and Exchange Commission (SEC) voted to propose rule amendments to improve the information that investors receive regarding the acquisition and disposition of businesses. The proposed amendments...more
On April 16, 2019, the Delaware Supreme Court reversed a significant appraisal decision from the Court of Chancery in Verition Partners v. Aruba Networks, Inc., holding that the Chancery Court abused its discretion in using...more
On October 1, 2018, in Akorn, Inc. v. Fresenius Kabi AG, the Delaware Court of Chancery held for the first time that a buyer had validly terminated a merger agreement due to the occurrence of a “material adverse effect”...more