Tag: Suit
Court Grants Motion to Dismiss Suit Based on Fairness Standard
Canoo, an electric vehicle company, went public in a de-SPAC transaction in December 2020. However, after the stock price dropped, a stockholder who chose not to redeem his stock sued the SPAC board and...
Chancery Court Grants Motion to Dismiss Suit Governed by Entire Fairness | Legal Insights
The Chancery Court recently made a significant decision by granting a rare motion to dismiss a suit governed by entire fairness. This decision, as highlighted in the Harvard Law School Forum on Corporate Governance,...