Harvard Corporate Governance

APRIL 25, 2023

The recent Mindbody decision provides a useful refresher on the pitfalls to avoid when selling or buying a Delaware publicly traded company. The recent Delaware Chancery Court decision in In re Mindbody, Inc.

Equity 240

Equity 240

Law 360 M&A

NOVEMBER 15, 2023

Fitness software platform Mindbody Inc., its former CEO, and the private equity firm that bought the company may not reduce the damages they owe shareholders in a Delaware Chancery Court class action by the $27 million other co-defendants paid to settle their claims, the court's top judge ruled on Wednesday.

Private Equity Firm 40

Private Equity Firm Equity 40

Law 360 M&A

MARCH 15, 2023

Stockholders of fitness software company Mindbody Inc. who challenged its $36.50-per-share per-share acquisition in 2019 by Vista Equity Partners Management LLC should have gotten $1 more per share and are entitled to damages plus interest, Delaware's Court of Chancery ruled Wednesday.

Equity 40

Equity 40

Reynolds Holding

MARCH 21, 2023

A recent decision of the Delaware Court of Chancery ( In Re Mindbody, Inc., March 15, 2023)) explores the risks to a target company’s management of giving a private equity sponsor pole position in a sale process, as well as the risks to the sponsor itself from pursuing an inside track. S’Holder Litig. , 2019-04420KSJM (Del.

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Equity Marketability 45

Law 360 M&A

OCTOBER 28, 2022

Labaton Sucharow LLP attorneys representing a proposed class of Mindbody Inc. million settlement ending claims the wellness industry company misled the public to depress trading prices for its shares ahead of a 2019 take-private acquisition. investors will receive about $2.9

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Cooley M&A

JULY 20, 2023

No Corwin for post-closing claims for injunctive relief In In re Edgio, Inc. Signal Companies , the Chancery Court said that the answer depended on “whether the sale of assets is quantitatively vital to the operation of the corporation and is out of the ordinary and substantially affects the existence and purpose of the corporation.”

Equity 52

Equity Marketability 52

Cooley M&A

JANUARY 24, 2020

Be prepared for regulatory review of any tech deal – regardless of how a company may currently define the relevant competitive market. While In re Trulia, Inc. The overwhelming majority of these cases are resolved pre-close, with the target company filing supplemental disclosures with the SEC. Key takeaway? Data Privacy.

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Compliance Technology Marketability 40