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In In re Sears Hometown and Outlet Stores, Inc. Stockholder Litigation (Jan. 24, 2024), the Delaware Court of Chancery held that a controlling stockholder must not...
In a pathfinding decision, the Delaware Chancery Court has specified the standards of conduct and review that apply to a controlling stockholder's exercise of its voting rights to block board action.
In a landmark decision, In re Sears Hometown & Outlet Stores, Inc. Stockholder Litigation,1 the Delaware Court of Chancery held that a controlling stockholder did not breach his...