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Sullivan & Cromwell Discusses Delaware Supreme Court Ruling on MFW’s Application to Controller Transactions

Reynolds Holding

M & F Worldwide Corp. , It is based on the firm’s memorandum, “Delaware Supreme Court Holds MFW Applies to Controller Transactions Beyond Freeze-Out Mergers,” dated April 8, 2024, and available here. In the important 2014 case of Kahn v. This post comes to us from Sullivan & Cromwell LLP.

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Cleary Gottlieb Discusses Delaware Decision on Conversion of Company into Nevada Corporation

Reynolds Holding

(“TripAdvisor”), into a Nevada corporation but declined to dismiss claims for monetary damages against the company’s controlling stockholder in connection with the conversion, holding the conversion should be reviewed under the “entire fairness” standard. The conversion was proposed by TripAdvisor and Holdings management.