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Happy Lamb, share ownership disputes and rectification of the register - brevi manu or longa manu?

JD Supra: Mergers

In doing so, he noted the different approaches that the courts have taken when considering how broad or narrow their discretion is, to decide other.

Shares 145
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Delaware Court Of Chancery Holds That Former Stockholders Can Pursue Direct Claims For Breach Of Fiduciary Duty Arising From Issuance Of Shares To Controlling Stockholder For Allegedly Insufficient Consideration

Shearman & Sterling

Plaintiffs alleged that the Company engaged in a private placement of stock to the controlling stockholder at a price that undervalued the shares that were issued. 2019-0757-SG (Del. Accordingly, plaintiffs contended that the transaction diluted the financial and voting interest of the minority stockholders. Rossette, 906 A.2d 2d 91 (Del.

Shares 52
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Delaware Court Of Chancery Holds That Former Stockholders Can Pursue Direct Claims For Breach Of Fiduciary Duty Arising From Issuance Of Shares To Controlling Stockholder For Allegedly Insufficient Consideration

Shearman & Sterling

Plaintiffs alleged that the Company engaged in a private placement of stock to the controlling stockholder at a price that undervalued the shares that were issued. 2019-0757-SG (Del. Accordingly, plaintiffs contended that the transaction diluted the financial and voting interest of the minority stockholders. Rossette, 906 A.2d 2d 91 (Del.

Shares 40
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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

As we discussed in our prior post, plaintiffs alleged that a private placement of stock to the Company's controlling stockholder at a price that undervalued the shares diluted the financial and voting interest of the minority stockholders. Rossette, 906 A.2d 2d 91 (Del.

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Derivative Claim Against Shell’s Board by Climate-Change Activist Shareholder is Refused Permission to Proceed

Cleary M&A and Corporate Governance Watch

Section 260 of the UK Companies Act 2006 (the “CA 2006”) permits a shareholder to bring a claim on behalf of the company against its directors in respect of certain causes of action, including breach of the directors’ duty of care towards the company. 172 of CA 2006); and the duty to exercise reasonable care, skill and diligence (s.174

IT 52
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Unveiling Success: Case Studies of M&A Deals That Made History

Sun Acquisitions

Disney’s Acquisition of Pixar (2006): In 2006, Disney’s acquisition of Pixar Animation Studios sent shockwaves through the entertainment industry. With its rapidly growing user base and unique photo-sharing features, Instagram threatened Facebook’s dominance in social networking.

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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

As we discussed in our prior post, plaintiffs alleged that a private placement of stock to the Company's controlling stockholder at a price that undervalued the shares diluted the financial and voting interest of the minority stockholders. Rossette, 906 A.2d 2d 91 (Del.