Columbia Law School
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Sidley Discusses Delaware Chancery Ruling on Public Benefit Corp. Directors’ Price-Maximization Duty
In Drakes Landing Associates, L.P. v. Tilden Park Capital Management, L.P. (Del. Ch. July 29, 2026), the Delaware Court of Chancery confronted an issue of first impression: how, if at all, the Revlon enhanced-scrutiny framework applies when the board of …