In a May 14 article published by International Law Office, private equity partner Jason Freedman (San Francisco) discusses the Delaware Supreme Court’s opinion in Kahn v M&F Worldwide Corp. The decision provides guidance on steps that controlling stockholders and other deal participants can take to achieve the more favorable business judgment standard of judicial review in stockholder litigation involving squeeze-out transactions where there is a controlling stockholder. The article, titled “Court establishes standard of review for controlling stockholder merger,” outlines the key takeaways from this much-anticipated opinion.
Click here to read the article.
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