News & Analysis as of

Board of Directors Corporate Sales Transactions

Skadden, Arps, Slate, Meagher & Flom LLP

Putting the Best Spin on Corporate Splits

In recent years, in the boardrooms of public companies with multi-line businesses, there have been few louder drum beats than those from investors calling for divestitures, spin-offs or other separation transactions aimed at...more

Gray Reed

Delaware Supreme Court Applies Delaware Law to Determine D&O Coverage for Delaware Corporations

Gray Reed on

The Delaware Supreme Court ruled that Delaware law applies to the interpretation of directors and officers liability (“D&O”) insurance coverage issued to Delaware corporations. RSUI Indem. Co. v. Murdock, et al., 248 A.3d 887...more

Stinson - Corporate & Securities Law Blog

Delegating Preparation of Proxy Statement to Management was an Unexculpated Act of Bad Faith

In Re Pattern Energy Group Inc. Stockholders Litigation involved an M&A transaction where the sales process of Pattern Energy Group Inc. was run by an undisputedly disinterested and independent special committee that...more

Kramer Levin Naftalis & Frankel LLP

Delaware Court of Chancery Confirms Directors’ Right to Access Company’s Privileged Information

Can management of a Delaware corporation block members of the board of directors from gaining access to the company’s privileged information? The Delaware Court of Chancery recently addressed this question in the ongoing...more

Cadwalader, Wickersham & Taft LLP

M&A Update: Chancery Court Provides Another Lesson For A Reasonable Sale Process

In a recent decision, Chen v. Howard-Anderson, the Delaware Chancery Court once again questioned the reasonableness of how a board conducted the sale of a company when it permitted stockholder claims to go to trial....more

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