Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery
An Eckert Seamans associate prepared this overview.
In the case styled In re Saba Software, Inc. S’holder Litig., C.A. No. 10697-VCS (Del. Ch. Apr. 11, 2017), the Court of Chancery recently declined to allow board members to invoke the business judgment rule where the plaintiff plead facts to support that a stockholder merger…
An Eckert Seamans associate prepared this overview.
In a recent letter opinion in the case styled Vento v. Curry, C.A. No. 2017-0157-AGB, Chancellor Bouchard granted the plaintiff’s motion to preliminarily enjoin a stockholder vote until information regarding the company’s financial advisor’s interests had been fully disclosed.
Background: Consolidated Communications Holdings, Inc.’s (the…
Alliance Data Systems Corp. v. Blackstone Capital Partners V L.P. and Aladdin Solutions, Inc. , (Del. Ch., Jan. 15, 2009), read opinion here.
We are fortunate to have another guest post by Delaware lawyer Kevin Brady who provided the following summary of this important decision.
This Chancery Court decision is another example of merger partners after…