News & Analysis as of

Nevada Mergers

Allen Matkins

Nevada Legislature Approves Amendments To The State's Corporate Law

Allen Matkins on

In prior posts, I have discussed some the changes that AB 239 would make to Nevada's corporate law.  Last week, I testified in my individual capacity in support of the bill before the Senate Judiciary Committee.  On Wednesday...more

Allen Matkins

Court: Nevada Allows Controllers To Vote In Their Own Interest

Allen Matkins on

Yesterday’s post concerned the recent decision by U.S. District Court Judge Charles R. Eskridge in Rowe v. Doris, 2025 WL 963590 (S.D. Tex. Mar. 31, 2025).  The case involved claims arising from the merger of two Nevada...more

Allen Matkins

This Texas Case Illustrates Why Delaware Corporations Are Choosing Nevada

Allen Matkins on

Bright-eyed Athena, the goddess of wisdom, was not birthed of a woman.  Rather, she sprang from the head of Zeus after he swallowed Metis, the pre-Olympian goddess of wisdom...more

Allen Matkins

The UCC, Passover And Another Public Company Plans Delaware Exit

Allen Matkins on

In recognition of the beginning of Passover at sunset tomorrow, today's post reprises this post from 2015...more

Allen Matkins

Nevada Supreme Court Holds That Temporary Closing During Pandemic Did Not Violation Of This "Ordinary Course" Covenant

Allen Matkins on

Merger and acquisition agreements almost invariably include a promise by the seller to continue to operate the business in the "ordinary course".    This promise is typically included to provide assurance to the buyer that...more

Allen Matkins

Nevada Adopts M&A Broker Exemption Rule

Allen Matkins on

Readers may recall that last December, President Biden signed the Consolidated Appropriations Act of 2023, HR 2617.  This legislation included a statutory exemption for mergers and acquisition brokers.  15 U.S.C. §...more

Foley & Lardner LLP

Nevada is Latest State to Enhance Oversight of Health Care Transactions

Foley & Lardner LLP on

On October 1, 2021, Nevada will join a handful of states that are actively seeking to monitor the growth and impact of health care transactions in their states, and will also designate specific contracting practices viewed as...more

Allen Matkins

Nevada Supreme Court Finds Board Resolution In Merger Agreement

Allen Matkins on

In 2016, respondent China Yida Holding, Co. (CY), a Nevada corporation, merged with a private holding company, taking CY private and delisting it from the Nasdaq stock exchange.  The merger agreement and the proxy statement...more

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