How much disclosure of deal dirty laundry is necessary in order to fully inform a Corwin/Volcano cleansing vote?
Cooley M&A
AUGUST 7, 2018
dated July 9, 2018), the Delaware Supreme Court reversed the Delaware Chancery Court’s dismissal of deal litigation based on obtaining a cleansing vote under Corwin/Volcano because the defendants failed to show “as required under Corwin” that the vote was fully informed. Ray Berry et. of The Fresh Market shares, rolling over their equity.
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