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Delaware courts will no longer uncritically defer to boards on so-called mergers of equals, especially when it seems to be an outright acquisition and gives huge benefits to officers and directors. While Delaware courts condemned unfair deals or terms in the past, this is a departure from the high business judgment rule deference accorded like transactions under Time Warner. Caremark reminds us that cases are decided on facts, and that bad facts can convert standard deal terms into offensive ones.
August 20, 2007 at 12:00 AM
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Health Law Associate CT Shipman is seeking an associate to join our national longstanding health law practice. Candidates must have t...
Shipman & Goodwin LLP is seeking two associates to expand our national commercial real estate lending practice. Candidates should have ...
Epstein Becker & Green is seeking an associate to joins its Commercial Litigation practice in our Columbus or Cincinnati offices. Ca...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS