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Excerpt from Practical Guidance

Expert Analysis

Fulfilling Fiduciary Duties In Going Private Transactions

Law360, New York (July 16, 2013, 12:16 PM EDT) -- In their management of a corporation's business and affairs, directors and officers owe fiduciary duties to the corporation's stockholders. Stockholders generally do not owe fiduciary duties to each other, but a stockholder may owe fiduciary duties to other stockholders if it owns a majority interest or otherwise exerts control over the corporation. See Kahn v. Lynch Communication Sys. Inc., 638 A.2d 1110 (Del. 1994)....

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