“NECESSARY BUT NOT SUFFICIENT”: CHANCERY COURT CLARIFIES ROLE OF ENHANCED SCRUTINY IN ASSESSING DAMAGES CLAIMS AGAINST CORPORATE ACTORS IN REVLON TRANSACTIONS
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.
AUTHORS:
Robert S. Reder
Connor J. Breed