Delaware Supreme Court Building. Courtesy photo. Del. Supreme Court Affirms Rare Entire Fairness Win for Defense
The decision clears the way for an $875 million deal between financial services companies BGC Partners Inc. and Cantor Fitzgerald to move forward.
August 11, 2023 at 02:04 PM
2 minute read
Litigation
The Delaware Supreme Court decided Thursday not to overturn a decision finding an $875 million deal between financial services companies BGC Partners Inc. and Cantor Fitzgerald met the entire fairness standard, cementing a rare type of defense verdict in the Court of Chancery.
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