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Delaware Court Of Chancery Denies Motion To Dismiss Claims Regarding Squeeze-Out Merger Because Special Committee Members Were Allegedly "Interested"

Shearman & Sterling

2018-0396-AGB (Del. In an effort to comply with the procedural protections necessary for deferential review of a merger process involving a controller—under Kahn v. Bouchard of the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims brought by former shareholders of AmTrust, Inc., 3d 635 (Del.

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BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018

TechCrunch: M&A

billion BlackBerry paid to acquire the startup in 2018. Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million a significant discount from the $1.4

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Delaware Court Of Chancery Dismisses Stockholder Challenge To Merger For Failure To Rebut Business Judgment Rule

Shearman & Sterling

McCormick of the Delaware Court of Chancery dismissed a stockholder suit challenging the $18 billion merger of equals between Towers Watson & Co. 2018-0132-KSJM (Del. and Willis Group Holdings plc, finding that plaintiffs failed to plead facts sufficient to rebut the presumption of the business judgment rule. July 25, 2019).

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Delaware Law Alert: Chancery Court Applies Conditional Probability to Calculate Damages in Earnout Dispute

JD Supra: Mergers

s 2018 acquisition of Syntimmune, Inc. A recent Delaware Chancery Court opinion offers a significant example of how courts may apply complex probability analysis to determine the amount of damages in an earnout dispute. The case arose from Alexion Pharmaceuticals, Inc.’s

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Delaware Court Of Chancery Finds Allegations Of A Controlling Stockholder Group Sufficient To Preclude Dismissal Of Merger-Related Fiduciary Duty Breach Claims

Shearman & Sterling

June 18, 2018). In re Hansen Medical, Inc. Stockholder Litigation, C.A. 12316-VCMR (Del.

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Denise Coates gets her timing right again at Bet365 | Nils Pratley

The Guardian: Mergers & Acquisitions

It took a punt on FanDuel, then just an online fantasy games business, in 2018 as an option on US liberalisation of its gambling rules. Flutter, the Dublin-based owner of Paddy Power and Betfair, has been through the collection. When states in the US did indeed start to open up, it gained full control.

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Pressure Mounts for Broader Regulatory Oversight of Defense Industry Mergers

JD Supra: Mergers

The Department of Defense assessed an average of about 40 defense-related mergers and acquisitions each year from 2018 to 2022, a small portion of the roughly 400 defense mergers estimated to occur annually, according to a report from the Government Accountability Office (GAO). By: Goodwin