التفاصيل البيبلوغرافية
| العنوان: |
Recent Delaware Court of Chancery Decision Highlights Importance of Avoiding Conflicts and Full Disclosure in Take-Private Deals. |
| المؤلفون: |
Hobson, Mark D. |
| المصدر: |
Business Law Today; Mar2023, p3-6, 4p |
| مصطلحات موضوعية: |
LEGAL judgments, DISCLOSURE, DISMISSAL & nonsuit, MONETIZATION, MERGER agreements |
| مستخلص: |
Liaw and IVP settled with the plaintiffs, leaving only the CEO and Vista as defendants in this case. On the other hand, the court did find Vista to be liable for aiding and abetting in the CEO's process-based disclosure breaches because the plaintiffs had proven, among others, that Vista was a knowing participant in such breaches. Consequently, plaintiffs argued that the CEO took actions to strategically drive down the stock price of Mindbody pre-merger, and provided Vista with informational and timing advantages during the due-diligence and go-shop periods (e.g., the CEO tipped Vista that a formal sale process was beginning for Mindbody). [Extracted from the article] |
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| قاعدة البيانات: |
Complementary Index |
