Sat.Aug 14, 2021 - Fri.Aug 20, 2021

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Delaware Court Of Chancery Declines To Apply Business Judgment Deference To Take-Private Merger Because Of "Deficiencies" In MFW Protections, Including That The Conditions Were Not Irrevocable

Shearman & Sterling

On July 23, 2021, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss breach of fiduciary duty claims brought by a putative class of minority stockholders of Empire Resorts, Inc. (the "Company") challenging the Company's take-private acquisition by the Company's majority shareholder.

Mergers 52
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China's regulatory reforms: Warranted, or a step too far?

Barkclays

Regulatory changes in China are affecting industries and global markets. Research analysts Ajay Rajadhyaksha and Avanti Save debate the policies’ merits and motivations. Regulatory changes in China are affecting industries and global markets. Research analysts Ajay Rajadhyaksha and Avanti Save debate the policies’ merits and motivations.

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Delaware Court Of Chancery Declines To Apply Business Judgment Deference To Take-Private Merger Because Of "Deficiencies" In MFW Protections, Including That The Conditions Were Not Irrevocable

Shearman & Sterling

On July 23, 2021, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss breach of fiduciary duty claims brought by a putative class of minority stockholders of Empire Resorts, Inc. (the "Company") challenging the Company's take-private acquisition by the Company's majority shareholder.

Mergers 40