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Fiduciary Duty › Standard of Review › Acquisition Agreements

Troutman Pepper Locke

Delaware Court of Chancery Confirms That Asset Sales Can Trigger Revlon Review

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In In re Dura Medic Holdings, Inc. Consolidated Litigation, the Delaware Court of Chancery held that Revlon review (i.e., the obligation of the board of directors of a Delaware corporation to seek the best price reasonably...more

Troutman Pepper Locke

Ab Initio 2.0: Even Without a Controller, Special Committees Must Be Formed Before Economic Negotiations Begin

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On February 27, the Delaware Court of Chancery issued important guidance to boards of directors seeking to utilize special committees of disinterested and independent directors to insulate themselves from fiduciary liability...more

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