Law 360 M&A

JUNE 14, 2022

Minority stockholders of New York's Empire Resorts Inc. have tentatively settled for $12 million a Delaware Court of Chancery class challenge to the company's $335.4 million go-private sale in 2019 to its largest stockholder.

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Law 360 M&A

MAY 3, 2022

Attorneys for a proposed class of minority stockholders say the investors have agreed to settle the action they brought against Empire Resorts Inc. in Delaware Chancery Court after the company paid them only $9.74 per share in a $335 million go-private sale.

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Cooley M&A

OCTOBER 12, 2021

A well-functioning special committee will also mitigate the risk of personal liability for a company’s fiduciaries, reducing the likelihood of protracted post-closing litigation. Directors of Delaware public companies are typically exculpated for monetary liability for duty of care claims under their company’s charter.

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Capital Structure Finance 40

Reynolds Holding

OCTOBER 24, 2023

The Management Discussion and Analysis (MD&A) section of annual reports is widely credited with providing valuable information about public companies. For example, GameStop Inc.’s Our empirical analysis indicates the value of contextual information.

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Alpha 52