Sat.Jun 05, 2021 - Fri.Jun 11, 2021

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Delaware Court Of Chancery Finds Company's Founders Constitute Control Group And That Entire Fairness Applies To Transaction In Which They Obtained Benefits Not Available To Minority Stockholders

Shearman & Sterling

On June 1, 2021, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss a stockholder derivative action against the founders of Tilray, Inc. (the "Company") for breach of fiduciary duties in connection with a merger with Privateer Holdings, Inc., a parent entity through which the Company's founders had maintained their holdings.

Mergers 52
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Past Event: Venture Capital & Private Equity Conference Series Session 4

Cooley M&A

Partners John McKenna and Luke Cadigan joined PwC to discuss SPACs, tax, audit, legal, and other relevant topics for finance and legal professionals at venture capital and private equity funds. This event took place on Tuesday, June 22, 2021 at 11:00 AM PDT. Click here to register and view the recorded event. John McKenna. Luke Cadigan.

article thumbnail

Delaware Court Of Chancery Finds Company's Founders Constitute Control Group And That Entire Fairness Applies To Transaction In Which They Obtained Benefits Not Available To Minority Stockholders

Shearman & Sterling

On June 1, 2021, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss a stockholder derivative action against the founders of Tilray, Inc. (the "Company") for breach of fiduciary duties in connection with a merger with Privateer Holdings, Inc., a parent entity through which the Company's founders had maintained their holdings.

Mergers 40