William Mills

William Mills

Cadwalader, Wickersham & Taft LLP

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Delaware Chancery Court Finds Private Equity Majority Owner Not Liable to Minority Investors Where LLC Agreement Waived Fiduciary...

In a recent decision, the Delaware Court of Chancery dismissed breach of fiduciary duty claims asserted by minority unitholders in connection with the acquisition of CityMD by VillageMD.  In Kahn, et al. v. Warburg Pincus, et...more

6/9/2025  /  Breach of Contract , Contract Interpretation , Delaware , Fiduciary Duty , LLC Agreements , Minority Shareholders , Motion to Dismiss , Private Equity , Shareholder Litigation

Delaware Court of Chancery Strictly Interprets Merger Agreement in Finding That Rent-A-Center, Inc. Properly Terminated Its...

In Vintage Rodeo Parent, LLC v. Rent-A-Center, Inc., C.A. No. 2018-0928-SG (Del. Ch. Mar. 14, 2019), Vice Chancellor Glasscock of the Delaware Court of Chancery found that Rent-A-Center, Inc. (“Rent-A-Center”) properly...more

4/4/2019  /  Buyouts , Contract Interpretation , Contract Termination , Corporate Counsel , Drop-Dead Rule , Merger Agreements , Retailers
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