The Delaware Court of Chancery issued its decision in In re Tesla Motors, Inc., on April 27, 2022, rejecting claims that Tesla, Inc. CEO Elon Musk breached his fiduciary duties to Tesla’s stockholders as a director and an...more
5/11/2022
/ Acquisition Agreements ,
Breach of Duty ,
Business Litigation ,
Controlling Stockholders ,
Corporate Sales Transactions ,
Elon Musk ,
Energy Sector ,
Entire Fairness Standard ,
Fiduciary Duty ,
Merger Agreements ,
Purchase Price ,
SolarCity ,
Tesla
In a decision with potentially far-reaching implications for private equity sponsors and other controlling stockholders, the Delaware Court of Chancery expanded the potential for liability for foreign-based controllers by...more
4/5/2019
/ Acquisitions ,
Arm's Length Principle ,
Board of Directors ,
Breach of Duty ,
Business Judgment Rule ,
Bylaws ,
Civil Liability ,
Controlling Stockholders ,
Entire Fairness Standard ,
Fiduciary Duty ,
Foreign Subsidiaries ,
Forum Selection ,
Implied Consent ,
Minority Shareholders ,
Motion to Dismiss ,
Personal Jurisdiction ,
Private Equity ,
Self-Dealing ,
Shareholder Approval ,
Standard of Review ,
Subsidiaries