Eugene Choi

Sheppard Mullin Richter & Hampton LLP

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Latest Posts › Delaware General Corporation Law

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The Delaware Court of Chancery Puts Practitioners on Notice Regarding Voting Formalities Around Merger Agreements

In Ap-Fonden v. Activision Blizzard, Inc., C.A. No. 2022-1001-KSJM, 2024 WL 863290 (Del. Ch. Feb. 29, 2024), the Delaware Court of Chancery (McCormick, C.) declined to dismiss a claim alleging that the Board of Directors of...more

3/6/2024 / Acquisition Agreements , Acquisitions , Board of Directors , Business Litigation , Delaware General Corporation Law , Merger Agreements , Mergers , Voting Requirements

Delaware Supreme Court Holds Novel Pre-Closing Dividend Transaction Structure Does Not Thwart Appraisal Remedy

In In re GGP Stockholder Litigation, 2022 WL 2815820 (Del. July 19, 2022), an M&A transaction split the merger consideration into two parts: an oversized pre-closing dividend totaling over $9 billion, followed by a nominal...more

8/15/2022 / Appraisal Rights , Board of Directors , C-Suite Executives , DE Supreme Court , Delaware General Corporation Law , Disclosure , Mergers , Remedies , Reversal , Shareholder Litigation

Delaware Supreme Court Affirms the Use of Stockholders Agreements to Waive Appraisal Rights

In Manti Holdings, LLC v. Authentix Acquisition Co., Inc., No. 354, 2020, 2021 WL 4165159 (Del. Sept. 13, 2021), the Delaware Supreme Court issued an important opinion affirming the use of stockholders agreements by and among...more

9/29/2021 / Appraisal , Appraisal Rights , Bylaws , Corporate Counsel , DE Supreme Court , Delaware General Corporation Law , Section 262 , Shareholder Litigation , Stockholder Agreements

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