Judges in Delaware's famed business court are keeping a close eye on legal issues concerning the recent wave of private equity buyouts of public corporations. And in recent rulings, Court of Chancery judges have signaled that Delaware plans to take the lead in disputes arising from the buyouts. A key issue is whether managers negotiating deals in which they would keep their jobs after helping take companies private are diligent enough in trying to maximize shareholder value by finding other bidders.
May 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Judges in Delaware’s famed business court are keeping a close eye on legal issues cropping up amid the recent wave of private equity buyouts of public corporations.
In recent rulings, Court of Chancery judges have signaled that Delaware, corporate home to more than half of the Fortune 500, plans to take the lead in disputes arising from the buyouts.
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