A Delaware Chancery Court has allowed a buyer to cancel a deal based on a material adverse effect. The decision is believed to be the first of its kind in Delaware.
In Akorn, Inc. v. Fresenius Kabi AG, the Delaware Court...more
Venture capital firms and their director designees on portfolio company boards can find themselves stuck between their fiduciary duty to common shareholders and the terms of preferred investment documents. Before any other...more
4/30/2018
/ Board of Directors ,
Breach of Duty ,
Common Stock ,
Conflicts of Interest ,
Fiduciary Duty ,
Mergers ,
Preferred Shares ,
Recapitalization ,
Risk Mitigation ,
Shareholders ,
Stock Redemption ,
Venture Capital