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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Court Of Chancery Upholds Stockholder Representative Standing
When a payout in an M&A deal is dependent on post closing events, somehow the former stockholders must be represented if there are to be any adjustments. Appointment of a stockholder representative is often done for that purpose. Here the Court held that the stockholder representative may also sue to enforce the rights of a class of stockholders to such payments.