"The Delaware courts are going to continue to have a lot of skepticism when it comes to conflicted controller transactions," Fried, Frank, Harris, Shriver & Jacobson senior counsel Gail Weinstein said.
April 08, 2024 at 04:48 PM
4 minute read
Delaware courts are not making it easier to get the business judgment rule applied in corporate transaction cases.
On top of more specific guidance about what exactly makes a director committee independent in the context of Kahn v. M&F Worldwide Cleansing cleansing, that’s been the corporate bar’s big takeaway from the Supreme Court’s ruling on Match Group Inc. shareholder litigation.
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Delaware Supreme Court. Courtesy photo.
