The acquisition of a leading brand development company by a competitor has been approved by Delaware Court of Chancery Vice Chancellor J. Travis Laster after he ruled that a father-and-son pair of insider directors did not breach any fiduciary duties owed to stockholders.
Laster, who ruled from the bench after hearing argument on the issue Sept. 15, rejected a challenge to Matthews International’s acquisition of Schawk Inc. at the motion to dismiss stage. Both Matthews and Schawk are engaged in branding products for major companies.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
