Law360, New York ( September 10, 2014, 10:55 AM EDT) -- Vice Chancellor J. Travis Laster of the Delaware Court of Chancery recently applied the business judgment standard of review at the pleading stage to dismiss a complaint challenging a cashout merger involving a controlling stockholder. This is one of the first decisions applying the Delaware Supreme Court's recent decision in Kahn v. M&F Worldwide Corp. (MFW), which provided a framework for how a transaction with a controlling stockholder could be structured to obtain the protections of the business judgment rule....
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