Corporate
May 28, 2014
Key lessons for boards managing a sale
The Delaware Chancery Court recently provided a detailed guide for boards of directors overseeing a potential sale of a public company, particularly when the company's financial advisor may be conflicted. By Paul L. Choi and Sharon R. Flanagan




The Delaware Chancery Court recently provided another detailed guide for boards of directors in overseeing a potential sale of a public company, particularly when the company's financial advisor may be conflicted. On March 7, the court in In re Rural Metro Corporation Stockholders Litigation found a financial advisor to a target company liable for aiding and abetting breaches of fiduciary duties by the directors o...
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