Delaware Court Determines Corwin Not Available to “Cleanse” Alleged Director Misconduct Due to “Structurally Coercive” Stockholder Vote
ABSTRACT
Stockholder vote structured as a choice between accepting unrelated transactions benefiting a large stockholder or forgoing beneficial M&A transactions judged “structurally coercive”
AUTHOR
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.
Victoria L. Romvary
Vanderbilt University Law School, JD Candidate, May 2018. Upon graduation, Victoria will join the Corporate group at Cravath, Swaine & Moore in New York, New York.