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Delaware Supreme Court Rejects "MFW Creep" Argument: All Controlling Stockholder Transactions Require Dual MFW Protections To Receive Deferential Business Judgment Review

April 11, 2024 - On April 4, 2024, the Delaware Supreme Court , in an opinion decided en banc and delivered by Chief Justice Seitz, held that where a controlling stockholder stood on both sides of a...
United States City Of United Kingdom Alexanderh Rahn Justice Seitz Pension Fund

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Changes to Confirmed "Toggle" Chapter 11 Plan Required No Additional Disclosure and Voting Where Creditors' Rights Not Materially and Adversely Affected | Jones Day

Even after a bankruptcy court has confirmed a chapter 11 plan, changed circumstances prior to the plan's implementation and "substantial consummation" might make alterations to the plan...
United States New York Rickel Assocs Martin Glenn Johns Manville Corp Jones Day

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