Main Menu

Court Of Chancery Explains Change Of Control Clause

Wilmington Savings Fund Society FSB v. Foresight Energy LLC, C.A. 11059-VCL (December 4, 2015)

This is a potentially significant decision because it interprets a change in control clause to include a change in beneficial ownership of an entity's securities. Hence, not only actual changes in ownership may trigger such clauses and drafters need to be aware of this point.

Back to Page