Kenneth Cole Changes Landscape For NY Cos. Going Private

Law360, New York (September 30, 2013, 5:52 PM ET) -- The independent members of the board of directors of Kenneth Cole Productions Inc. were successfully defended in a putative class action brought on behalf of the company’s minority shareholders challenging the going-private transaction in which company founder and controlling shareholder Kenneth Cole purchased the outstanding public shares of his eponymous fashion company.

In the first decision by a New York state court applying the business judgment rule to a going-private transaction by a company’s controlling shareholder, Justice Lawrence K. Marks of the Commercial Division of the...
To view the full article, register now.

DEWEY LIVE BLOG

Follow our exclusive coverage of the trial of the year:

Catch up on the dewey trial here