Tag Archives: Revlon duties

Chancery Declines to Enjoin Acquisition of Plains Exploration and Production Co.

In Re Plains Exploration & Production Company Stockholder Litigation, Cons., C.A. No. 8090-VCN (Del. Ch. May 9, 2013). Issues Addressed: Were Revlon duties of the board breached due to the absence of a special committee and pre-market check in connection with the sale of the company, and (ii) were disclosure obligations breached due to alleged … Continue Reading

New Scholarship on Revlon Duties of Directors

Professor Stephen Bainbridge, a favorite corporate scholar of the Delaware Courts (based in part on the number of times his corporate scholarship is cited in their opinions), has penned an article entitled the The Geography of Revlon-Land, that includes a discussion of the duties of directors under the seminal Delaware decision in Revlon and its … Continue Reading

The Borders of Revlon Duties

In re Synthes, Inc. S’holder Litig., C.A. No. 6452-CS (Del. Ch. Aug. 17, 2012). This recent opinion by Chancellor Leo Strine, Jr. from the Court of Chancery includes a discussion of the contours of  fiduciary duties that were announced many years ago in the Delaware Supreme Court’s Revlon decision. Professor Stephen Bainbridge has already provided scholarly … Continue Reading

Professor Bainbridge’s New Scholarship on Revlon Doctrine

Professor Stephen Bainbridge, frequently cited by the Delaware courts for his corporate scholarship, and a friend of this blog, recently published an article on the doctrine based on the Delaware Supreme Court decision in Revlon that addresses the duties of directors when a corporation is “for sale” and related nuances. The good professor’s article, now available on … Continue Reading

Major Decision by Chancery Court on Corporate Law Aspects of Mergers and Acquisitions

In Ryan v. Lyondell Chemical Company, (Del. Ch., July 29, 2008), read opinion here, the Delaware Chancery Court rendered a decision that is "must reading" for anyone who needs to know the latest developments in Delaware corporate law involving mergers and acquisitions.  One reason why this case will attract a great amount of attention in … Continue Reading