Controlling Stockholder or Member Status under Delaware Law-A Table of Key Decisions.

Autor: Chuff, Christopher B., Cline, Joanna J., Greenberg, Matthew M., Bartholomew, Taylor B.
Předmět:
Zdroj: Business Torts Journal; Summer2021, p23-29, 7p
Abstrakt: The stockholder or member could also agree to contractual requirements that require approval of certain transactions by directors and stockholders unaffiliated with the large stockholder or member. Whether a stockholder of a corporation or member of a limited liability company (LLC) is a controlling stockholder or member often has a significant impact on breach of fiduciary duty actions, including those arising out of merger and acquisition (M&A) transactions. Moreover, anecdotal data from the cases summarized in the accompanying table show that stockholders or members owning 35 percent or more of a company's voting equity were deemed to be controllers at more than double the rate of stockholders or members with ownership stakes below that threshold. [Extracted from the article]
Databáze: Complementary Index
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