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Delaware Court Grants Pleading-Stage Dismissal of Litigation Challenging Control Stockholder-Led Buyout

Posted by on Thursday, August 31, 2017 in Delaware Corporate Law Bulletins, En Banc.

Delaware Court Grants Pleading-Stage Dismissal of Litigation Challenging Control Stockholder-Led Buyout

ABSTRACT

Because buyout followed “M&F Framework,” court not troubled by existence of higher third-party offer that was rejected by control stockholders

AUTHOR

Robert S. Reder

Robert S. Reder, Professor of the Practice of Law at Vanderbilt University Law School, has been serving as a consulting attorney at Milbank, Tweed, Hadley & McCloy LLP in New York City since his retirement as a partner in April 2011.