https://www.law.com/delbizcourt/2024/05/01/del-supreme-court-unanimously-grants-another-shareholder-win-over-pre-vote-disclosure/
Justice Karen Valihura, Delaware Supreme Court. Courtesy photo.NEWS
The high court’s decision is the latest to map out steps corporations need to take when handling a controller-involved transaction.
May 01, 2024 at 03:24 PM
4 minute read
The Delaware Supreme Court ruled Wednesday that a health care cloud services company didn’t adequately disclose its advisers’ conflicts to shareholders voting on an acquisition.
The unanimous decision is the latest case the court has recently decided in shareholders’ favor after applying the framework set out in Kahn v. M & F Worldwide, clarifying the steps corporations need to take when handling a controller-involved transaction.
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