Partner Edward Micheletti and associate Peyton Carper review a recent Chancery Court ruling that rejected claims that a co-founder/director was a controller during the purchase of a company in which he held a stake. Mr. Micheletti and Ms. Carper discuss how a special committee process can be structured to guard against potential conflicts.
Ruling Provides Roadmap For Navigating Transactions With Fiduciary on Both Sides
Harvard Law School Forum on Corporate Governance