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Kenneth Cole Business Judgment Rule

BCLP

New York High Court Adopts Delaware Rule in Go-Private Suits

BCLP on

New York’s highest court earlier this month adopted a more lenient standard for reviewing certain types of corporate transactions between companies and controlling shareholders, similar to that adopted two years ago by...more

Akin Gump Strauss Hauer & Feld LLP

New York High Court Adopts Business Judgment Rule for Going-Private Transactions When Certain Minority Shareholder Protections Are...

Background of Kenneth Cole Productions Shareholder Litigation - The case involved Kenneth Cole Productions (KCP), a public New York corporation well-known as the designer and marketer of shoes, apparel and accessories....more

Dorsey & Whitney LLP

New York High Court Holds Business Judgment Rule May Apply to Going-Private Mergers

Dorsey & Whitney LLP on

On May 5, 2016, the New York Court of Appeals in Matter of Kenneth Cole Productions, Inc., Shareholder Litigation, 2016 WL 2350133 (N.Y. May 5, 2016) (Matter of Kenneth Cole), adopted the approach of the Supreme Court of...more

Pierce Atwood LLP

New York High Court Adopts Delaware's Deferential Business Judgment Review for Controlling Stockholder Buyouts

Pierce Atwood LLP on

In re Kenneth Cole Productions, Inc. Shareholder Litigation - We previously reported on the Delaware Supreme Court’s landmark decision in Kahn v. M&F Worldwide Corp. (MFW) applying the deferential, defendant-friendly...more

Pillsbury Winthrop Shaw Pittman LLP

Appellate Division Review - Business Judgment Rule, Privilege, Child Support, Animal Rights

The more things change, the more they remain the same. As we enter a new year, New York’s Appellate Division faces the same and greater challenges: increasing caseloads, staff shortages, judicial vacancies, and legal disputes...more

Robinson & Cole LLP

New York Appellate Court Affirms Business Judgment Rule for Going-Private Transaction

Robinson & Cole LLP on

New York companies seeking to go private with a controlling shareholder may now be less vulnerable to shareholder litigation. On November 20, 2014, the New York Appellate Division, First Department, affirmed a New...more

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