MFW Ruling A Boon For Boards, But Not Bulletproof

Law360, New York (March 14, 2014, 9:16 PM EDT) -- The Delaware Supreme Court on Friday affirmed a lower court's ruling that skews heavily toward companies and their boards in controlling-party buyouts, but despite the obvious win for targeted companies, experts say the decision leaves the courtroom door wide open for minority shareholders looking to challenge such deals.

In its much-anticipated Kahn v. M&F Worldwide Corp. decision, the high court endorsed a looser review of transactions spearheaded by a company's majority stockholder, provided it involves a special committee of capable directors and also requires approval from...
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