JD Supra

Chancery Court Clarifies MFW Protections Must be Implemented Prior to Any Substantive Economic Negotiations

In In re HomeFed Corporation Stockholder Litigation, C.A. No. 2019-0592-AGB (Del. Ch. July 13, 2020), the Delaware Court of Chancery (the “Court”) found that the controlling stockholder of HomeFed ...

Georgina Rodriguez’s Fully See-Through Tights Are a Little Too Bold at MFW

Georgina Rodriguez gave Milan Fashion Week a bold twist, stepping out in a daring outfit that perfectly balanced glamor with ...
JD Supra

Delaware Chancery Court Extends Application of MFW Standard to Conflicted Stock Issuances

The case resulted from a reclassification of the shares of NRG Yield, Inc. (the “Company”) in order to preserve voting control of the Company’s controlling stockholder, NRG Energy, Inc. (“NRG”), which ...
Forbes

Trap For The Unwary: Conflicts And The MFW Doctrine

Forbes contributors publish independent expert analyses and insights. Priya Huskins is an expert on D&O risk and corporate governance. Your company needs to make a big move that requires stockholder ...
Law

Recent Decisions Indicate There Is Leeway for Controllers When Determining Whether to Structure a Transaction to Be 'MFW'-Compliant

The seminal 'MFW' decision, in 2014, ushered in an era of even further expanded deference. MFW provides a pathway for early dismissal of challenges to M&A transactions under the business judgment ...
Law

'MFW' Just Turned 10, but Is It Worth the Candle?

In 2014, the Delaware Supreme Court held in Kahn v. M&F Worldwide (MFW) that the business judgment rule applies to a transaction that would otherwise be subject to the exacting entire fairness ...