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
JUNE 8, 2021
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.
52 
Let's personalize your content