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Securities,
Mergers & Acquisitions,
Corporate

Jun. 29, 2016

Delaware high court weighs in on admin on stock options

In CDX Holdings Inc. v. Fox, the Delaware Supreme Court affirmed the Delaware Court of Chancery's decision that a class of optionholders of a corporation was entitled to damages in the amount of approximately $16.3 million.

Marc Boiron

Associate
Rutan & Tucker LLP

Email: mboiron@rutan.com

Marc focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws.

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TRANSACTIONS WITH BOIRON

In CDX Holdings Inc. v. Fox, the Delaware Supreme Court affirmed the Delaware Court of Chancery's decision that a class of optionholders of a corporation was entitled to damages in the amount of approximately $16.3 million. The court concluded that the actions of certain directors and officers of the corporation in connection with the consummation of a merger resulted in a breach of the corporation's stock inc...

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