Because Apollo News Today

Shared micromobility operator Bird announced that it has secured commitments from Apollo Investment Corporation to raise its existing $40 million vehicle financing credit facility to $150 million. The upsize goes into effect once the SPAC deal with Switchback II Corporation officially closes. The shareholder vote to approve and confirm the business combination is scheduled for […]

Denis Scheck findet Christa Wolfs „Kassandra“ langweilig. Wer das langweilig findet, findet auch Klimawandel und Verkehrskollaps langweilig.

Controlling shareholders of a Delaware corporation owe fiduciaries duties, but those duties do not require controllers to sacrifice contract rights or to vote altruistically. In the Court of Chancery’s recent decision in RCS Creditor Trust v. Schorsch et al., the Court affirmed this proposition, holding that where a special committee and its review process were otherwise independent, a controlling shareholder did not breach his fiduciary duties or improperly influence the committee by sharin...