LexisNexis® Legal Newsroom
Preferred vs. Common -- Who is Commonly Preferred in Mergers?

By Steven Bartz, Rahul Patel and R. Samuel Snider When a corporation is for sale, the fiduciary duties that the board of directors of the selling corporation must observe vis--vis its stockholders places the board in a position where it is likely to encounter conflicts of interest between its preferred...

In re Trados: What Happens When Common Gets Nothing?

On August 16, Delaware Chancery Court Vice Chancellor Laster issued his highly anticipated, post-trial decision in In re Trados Incorporated Shareholder Litigation , C.A. No. 1512-VC (August 16, 2013) [ an enhanced version of this opinion is available to lexis.com subscribers ], where the directors who...