Chancery Seeks More Info On Authentix Investor Rights Limits

By Jeff Montgomery (January 26, 2021, 6:45 PM EST) -- A Delaware vice chancellor asked for additional briefing Tuesday in a dispute over claims that investors in anti-counterfeiting firm Authentix signed away their right to raise corporate fiduciary duty and loyalty objections to an allegedly underpriced, $105 million company sale in 2017.

Vice Chancellor Sam Glasscock III requested the supplemental brief after hearing arguments for dismissal from affiliates of Authentix's former controlling investor Carlyle Group and three of Authentix's directors. He said he needed more information on the implied covenant of good faith in contracts to assess whether agreements by stockholders to not contest a sale can be enforced even if...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!