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Court of Chancery holds that conflicted transactions involving a potential controller may still be considered under the deferential business judgment rule, rather than entire fairness,. ....
The Delaware Court of Chancery has addressed numerous important issues including officer oversight obligations, enforceability of restrictive covenants, intent for voting proxies to bind subsequent holder, potential conflicts in SPAC, reporting under the Corporate Transparency Act. ....
On January 4, the Delaware Chancery Court issued a second decision suggesting that SPAC sponsors and directors proceed with care in connection with de-SPAC transactions (and potentially future SPAC formation). ....
Delaware Chancery Court issued a second decision suggesting that SPAC sponsors and directors proceed with care in connection with de-SPAC transactions and potentially future SPAC formation. As a result of the recent decision in Delman v. Gigacquisitions3, LLC, et al. ....
On January 4, the Delaware Chancery Court issued a second decision suggesting that SPAC sponsors and directors proceed with care in connection with de-SPAC transactions (and potentially. ....