Law360, New York ( November 5, 2014, 1:25 PM EST) -- On Oct. 24, 2014, the Delaware Court of Chancery issued a decision, In re: Crimson Exploration Inc. Stockholder Litigation, addressing when: (1) a stockholder with less than majority voting power may be deemed a controlling stockholder, and (2) the controlling stockholder's actions trigger "entire fairness" review of a challenged merger. The court also rejected criticisms of the seller's financial adviser based on supposed conflicts of interest and flawed valuation methodologies....
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