Delaware Insider: Court of Chancery Orders a “Fairer Price” Based on Controller's Malfeasance

Where a controlling stockholder's fraud or bad faith vitiates a going-private sale process, minority stockholders are entitled not just to a fair price, but to a “fairer price.” This article discusses the recent decision by the Delaware Court of Chancery in In re Dole Food Company, Inc.

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Bibliographische Detailangaben
Veröffentlicht in:	Business law today 2015-09, p.1-2
Hauptverfasser:	Cline, Joanna J., Levine, James H.S., Chuff, Christopher B.
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Bad faith (Law) Breach of trust Business structures Chancellors Chancery courts Commercial law Departments Fraud Laws, regulations and rules Leveraged buyouts Litigation Securities fraud Shareholders Specialized committees Stock prices Stock shares
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	Where a controlling stockholder's fraud or bad faith vitiates a going-private sale process, minority stockholders are entitled not just to a fair price, but to a “fairer price.” This article discusses the recent decision by the Delaware Court of Chancery in In re Dole Food Company, Inc.
ISSN:	1059-9436 2375-8112