Sullivan & Cromwell Discusses last week’s new development in Delaware on “Don’t Ask, Don’t Waive” Standstills

In a preliminary injunction opinion issued on May 21, 2013, the Delaware Court of Chancery (VC Glasscock) found that the board of directors of NetSpend Holdings Inc., comprised of four directors representing private equity-affiliated stockholders that owned over 45% of …

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Editor's Tweet: Sullivan & Cromwell Discusses last week's new development in Delaware on "Don't Ask, Don't Waive" Standstills

Qualitative Disclosure & Financial Projects: Overshadowed Lessons from In re

Chancellor Strine’s December 17, 2012 bench ruling in In re Inc. Shareholder Litigation attracted immediate attention from M&A practitioners and scholars regarding the Chancellor’s comments on so-called “Don’t Ask, Don’t Waive” standstill provisions.[1]  That attention, however, overshadowed the …

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Editor's Tweet: S&C Krishna Veeraraghavan and Jason Tyler discuss overshadowed lessons from In re

Recent Delaware Developments: Three Cases with Surprising Outcomes that Reinforce Traditional Fiduciary Principles

In three relatively low profile decisions issued by the Delaware Court of Chancery in February 2013, the court reached seemingly atypical results given the issued involved and the procedural postures of the respective cases.  The first decision was on February …

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Editor's Tweet: S&C's Krishna Veeraraghavan & Jason S. Tyler discuss three recent Delaware cases with suprising outcomes