On March 3, 2011, the Delaware Supreme Court issued
a one-page decision affirming Vice Chancellor Strine's decision in Yucaipa
American Alliance Fund II, L.P. v. Riggio, C.A. No. 5465-VCS (Del. Ch. Aug.
12, 2010), dismissing claims of breach of fiduciary duties and finding that
Barnes & Noble...
Professor Samuel C.
Thompson, Jr., Professor of Law and Director of the Center for the
Study of Mergers & Acquisitions at the Pennsylvania State University School
of Law, has written an article that proposes a new single standard to
address the multiple standards that have been discussed in Delaware...
by R. Samuel Snider, Erik L. Belenky and
Brooke E. Russ
Air Products' takeover bid for
Airgas was one of the most public and protracted contests for corporate control
in the history of Delaware jurisprudence. Airgas board's refusal to redeem a
poison pill. The case highlights one of the fundamental...
Last week Dollar General started soliciting "Gold" proxies (like golden tickets?) from Family Dollar shareholders in its campaign to vote down to have Family Dollar shareholders vote down the Dollar Tree deal and accept its tender for Family Dollar. Dollar General is seeking proxies to vote...