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Expert Analysis

When Investor Talks Render Biz Judgment Review Unavailable

By Gail Weinstein, Mark Lucas and Randi Lally ( August 7, 2020, 5:35 PM EDT) -- In In re: HomeFed Corporation Stockholder Litigation on July 13, the Delaware Court of Chancery held that the going-private transaction involving HomeFed Corporation and its controlling stockholder, Jefferies Financial Group Inc., did not meet the prerequisites set down in its 2014 decision in Kahn v. M&F Worldwide Corp., or MFW, for business judgment review....

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