Again a canny stock market operator has managed to get himself a sizable stake in a company without paying a premium. Shareholders who sold too cheaply are left without protection in France as the AMF regulatory body is unable to decide on which side of the shareholder governance debate it wants to sit. (LVMH acquired major stake in Hermes)
31/10/2010
Yesterday, in McRitchie v. Zuckerberg (Del. Ch.; 4/24), Vice Chancellor
Laster confirmed that directors owe “firm-specific fiduciary duties” under
Delaware...
2 hours ago
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