The Delaware Court of Chancery recently issued two opinions — Richardson v. Clark (MoneyGram) and Fisher v. Sanborn (LendingClub) — that dismissed stockholder derivative claims for breach of directors’ oversight duties...more
Since the Delaware Supreme Court decided Corwin v. KKR Financial Holdings LLC more than two years ago, there has been an open question as to whether and to what extent the principles affirmed in that decision apply in the...more
5/30/2018
/ Books & Records ,
Breach of Duty ,
Corporate Misconduct ,
Corwin Doctrine ,
Entire Fairness Standard ,
Mergers ,
Pleading Standards ,
Revlon Standard ,
Section 220 Request ,
Shareholder Rights ,
Standard of Review
Since its issuance in 2015, the Delaware Supreme Court’s decision in Corwin v. KKR Financial Holdings LLC has been routinely applied, in appropriate circumstances, to dismiss post-closing deal litigation. However, Corwin’s...more
11/27/2017
/ Books & Records ,
Corwin Doctrine ,
DE Supreme Court ,
Derivative Suit ,
Discovery ,
Garner ,
Merger Agreements ,
Mergers ,
Privileged Communication ,
Section 220 Request ,
Shareholder Litigation