Delaware Chancery Clarifies Duty Of Disclosure

Law360, New York (August 4, 2008, 12:00 AM EDT) -- The Delaware Chancery Court recently issued two opinions focusing on, among other things, the duty of disclosure in the context of merger transactions.

In In re Transkaryotic Therapies, Inc. (Del. Ch., Civil Action No. 2776-CC 6/16/08), Chancellor Chandler granted summary judgment in favor of the defendants for alleged breaches of the duty of disclosure in connection with a merger of two unrelated Delaware corporations.

In Berger v. Pubco Corp. (Del. Ch., Civil Action No. 3414-CC 5/30/08), Chancellor Chandler created a “quasi-appraisal” to remedy breaches of disclosure...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.