News & Analysis as of

Shareholder Litigation Change of Control

Paul Hastings LLP

Delaware Court Imposes Price Bump Damages for Revlon Sales Process and Disclosure Violations

Paul Hastings LLP on

On March 15, 2023, Chancellor McCormick of the Court of Chancery in Delaware issued a post-trial opinion in a stockholder class action imposing liability upon a founder and CEO (“CEO”) for breaching Revlon sales process...more

Sheppard Mullin Richter & Hampton LLP

Delaware Supreme Court Adopts New Three-Prong Test for Demand Futility

In United Food & Commercial Workers Union & Participating Food Industry Employers Tri-State Pension Fund v. Zuckerberg, No. 404, 2020, — A.3d –, 2021 WL 3433261 (Del. Sept. 23, 2021), the Delaware Supreme Court adopted a new...more

A&O Shearman

M&A Watch: Court Questions Accelerated Vesting of Equity Compensation

A&O Shearman on

As we have previously reported, the Delaware Chancery Court recently dismissed the stockholder class action suit In re Columbia Pipeline Group, Inc. Stockholder Litigation, C.A. No. 12152-VCL (Del. Ch. Mar. 7, 2017),...more

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