David Marcus of The Deal discusses an important
footnote in Vice Chancellor Strine's opinion in the recent Massey derivative
During oral argument, I pointed out that Strine referred
to Massey shareholders as the least sympathetic...
See that there? That's egg on my face. It's
a total victory for Ted Mirvis and Wachtell. The Supreme Court even cited
approvingly to the ABA's form book.
The Supreme Court overturned the Chancery Court,
basically holding that since everyone...
The Deal Prof has a run-down on the Airgas decision . He has it about
The signal this reversal sends is that it basically says
don't worry about the language of your contracts so long as everybody "knows"
what it means. ...
Galleon takes yet another scalp. This one from Rajiv Goel - a 1993 Wharton classmate of Raj Rajaratnam and former executive at Intel. From the US Attorney’s Press Release announcing the guilty plea:
Specifically, in April 2007, GOEL obtained...
Is it the new year already?
I have posted on the 3(a)(10) fairness hearing process before . The 3(a)(10) fairness hearing provides a valid exemption for the issuance of stock so that such stock can be freely traded without being registered with the...
This morning's WSJ has an article suggesting that goods times are just around the corner for M&A lawyers. Actually, it's an article about the hole that is presently being burned in the pockets of managers as they sit on increasingly large...
You'll remember that
Astellas made a hostile offer for OSI Pharmaceuticals earlier in the month. Along with their offer, they
sued in Delaware to get the OSI board to consider the offer. Well, the
board has considered the offer ($52/sh cash, a...