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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. Stockholder Litigation, C.A. 2019-0757-SG (Del. Rossette, 906 A.2d 2d 91 (Del.

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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. Stockholder Litigation, C.A. 2019-0757-SG (Del. Rossette, 906 A.2d 2d 91 (Del.

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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. Rosson, No. 406, 2020, 2021 WL 4260639 (Del. Rossette, 906 A.2d 2d 91 (Del.

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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. Rosson, No. 406, 2020, 2021 WL 4260639 (Del. Rossette, 906 A.2d 2d 91 (Del.

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How To Leverage SEG’s SaaS Index™ Tool

Software Equity Group

In 2006, we created the SEG SaaS Index , a basket of public SaaS companies, in order to better track the performance of the industry. It lists all 122 (as of this writing) companies in the SEG SaaS Index , along with stock price and ticker symbol. They can also click on the date filters to see how the categories compare over time.

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How To Analyze Your Business with SEG’s SaaS Index™ Tool

Software Equity Group

In 2006, we created the SEG SaaS Index , a basket of public SaaS companies, in order to better track the performance of the industry. It lists all 122 (as of this writing) companies in the SEG SaaS Index , along with stock price and ticker symbol. They can also click on the date filters to see how the categories compare over time.

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Good News for M&A Brokers: Congress Passes a New Securities Registration Exemption for Merger and Acquisition Brokers

IBG

The Supreme Court Landreth Timber decision struck down the long-standing Sale of Business Doctrine, which generally held that: selling the stock of a business was not necessarily considered a securities sale, and. sale of stock – part or all. Examples include: owner-carried notes, assisting in obtaining acquisition funding.

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