Fried Frank Discusses Delaware Decision Absolving LCC Board of Duty to Maximize Price

By Gail Weinstein, Robert C. Schwenkel, Brian T. Mangino, Matthew V. Soran and Andrea Gede-Lange February 23, 2018 by Matthew V. Soran

In Miller v. HCP (Feb. 1, 2018), the Court of Chancery dismissed claims made against the members of a limited liability company board, a majority of whom had been appointed by the private equity firm that was the company’s controlling …

Fried Frank Discusses Delaware Ruling that Corporate Recapitalization Required “Entire Fairness” Review

By Gail Weinstein, Steven J. Steinman, Christopher Ewan, Matthew V. Soran and Andrew J. Colosimo January 9, 2018 by Matthew V. Soran

In NRG Yield v. Crane (Dec. 12, 2017), the Court of Chancery dismissed fiduciary duty claims against directors who approved a corporate recapitalization that was proposed by a controller and would perpetuate its control. The reclassification provided for the issuance …

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Matthew V. Soran

Fried Frank Discusses Delaware Decision Absolving LCC Board of Duty to Maximize Price

Fried Frank Discusses Delaware Ruling that Corporate Recapitalization Required “Entire Fairness” Review