Chancery Limits Preferred Stock Mandatory Redemption

Law360, New York (April 24, 2015, 12:56 PM EDT) -- The Delaware Chancery Court's holding in TCV v. TradingScreen (Feb. 26, 2015; redacted March 27, 2015) has increased the risk for preferred stockholders in their being able to exit their investments under mandatory redemption provisions. The decision is on interlocutory appeal to the Delaware Supreme Court....

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