Dodd-Frank Litigation
Court Considers Fiduciary Duties in Merger under Minnesota Law
Litigation, M&A The United States District Court for the District of Minnesota considered the application of the fiduciary duties of directors in the context of a merger under the Minnesota Business Corporation Act. The case, Lusk et al v. Akradi et al, involved the acquisition of Life Time Fitness, Inc. by a group of private equity firms, […] Read more →
Delaware Supreme Court Rejects Presumption that Deal Price is Best Estimate of Fair Value; Private Equity Buyer’s Price Deserves Appropriate Consideration
Litigation, M&A In DFC Global Corp. v Muirfield Value Partners, L.P. et al, the Delaware Supreme Court declined to adopt a presumption that in an arm’s length merger the deal price is the... Read more →
Independent Directors, Law Firm and Financial Advisor not Liable for Omissions in Private Tender Offer
Litigation, M&A R.L. Polk & Co. Inc., a private company, was allegedly more than 90% controlled by the Polk family. The Company was in the consumer marketing business with holdings such as... Read more →
SEC Commissioner Supports Mandatory Shareholder Arbitration
Litigation, Public Companies and Securities Reuters is reporting that SEC Commissioner Michael Piwowar urged IPO companies to request relief from the SEC to include mandatory arbitration provisions for shareholder disputes.... Read more →