The Delaware Court of Chancery yesterday held, on a question of first impression, that a controlling stockholder must formally ratify a self-dealing transaction by a vote at a meeting of stockholders or by written consent in order to shift the standard of review from entire fairness to the business judgment rule. In Espinoza v. Zuckerberg,
"standard of review"
The Delaware Court of Chancery: Focus of Seminar in NYC
By Francis Pileggi on
Posted in Chancery Court Updates, Commentary
The Columbia Law School co-hosts today with Wachtell, Lipton, Rosen & Katz, a symposium entitled: The Delaware Court of Chancery: Change and Continuity. In addition to Justice Jack Jacobs of the Delaware Supreme Court, each of the 5 members of the Court of Chancery are in attendance at this congregation in New York City…