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NECESSARY BUT NOT SUFFICIENT”: CHANCERY COURT CLARIFIES ROLE OF ENHANCED SCRUTINY IN ASSESSING DAMAGES CLAIMS AGAINST CORPORATE ACTORS IN REVLON TRANSACTIONS

Posted by on Monday, April 11, 2022 in Delaware Corporate Law Bulletins, En Banc, Volume 75.

Robert S. Reder & Connor J. Breed | 75 Vand. L. Rev. En Banc 145 (2022) |

Also explains that preliminary steps taken by self-interested corporate officers to tilt playing field for benefit of favored bidder may invite application of Revlon principles several months before board approval of sale transaction.

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AUTHORS:

Robert S. Reder

Connor J. Breed