This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

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


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...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up