In a November 30, 2015 decision, the Delaware Supreme Court upheld the Delaware Chancery Court’s $76 million damages award against RBC Capital in In re Rural/Metro Corp. S’holders Litig. The ruling, however, notably rejected...more
In an October 1st decision (In re Zale Corporation), the Delaware Chancery Court dismissed claims that Zale Corporation’s directors breached their fiduciary duties in connection with Zale’s agreement to merge with Signet. ...more
10/14/2015
/ Acquisition Agreements ,
Aiding and Abetting ,
Bad Faith ,
Board of Directors ,
Breach of Duty ,
Conflicts of Interest ,
Controlling Stockholders ,
Disclosure Requirements ,
Duty of Care ,
Duty of Loyalty ,
Fiduciary Duty ,
Financial Adviser ,
Financial Institutions ,
Glass Lewis ,
Institutional Shareholder Services (ISS) ,
Merger Agreements ,
Merrill Lynch ,
Professional Liability ,
Proxy Advisors ,
Revlon Standard ,
Stocks
In its August 27th post-trial opinion, In re Dole Food Co., Inc. Stockholder Litigation, the Delaware Chancery Court held Dole executives David Murdock and Michael Carter personally liable for $148 million in damages for...more
8/31/2015
/ Aiding and Abetting ,
Breach of Duty ,
Buy-Out Agreements ,
Controlling Stockholders ,
Corporate Counsel ,
Deutsche Bank ,
Dole Food ,
Fairness Standard ,
Fiduciary Duty ,
Financial Adviser ,
Independent Director ,
Merger Agreements ,
MFW ,
Minority Shareholders ,
Popular ,
Private Offerings ,
Stocks