Law360, New York ( September 16, 2013, 1:18 PM EDT) -- The Delaware Chancery Court just ruled that sometimes even a blind squirrel gets the nut. In 2010, a preliminary procedural decision out of Delaware in the Trados case sparked concern that the traditional bargain between private equity investors and the companies they invest in was under attack. Last month, the court made its final decision in the case. The court found that although the process pursuant to which Trados, a venture capital-backed company, was sold was deeply flawed, the valuation of the company in the sale was fair and therefore no damage was done. After almost five years of litigation and controversy, the court found for the holders of the company's preferred stock and their board designees in forcing through a sale which resulted in zero proceeds for the common. . . .
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
Law firms are actively looking for ways to incorporate artificial intelligence into their workflow as it becomes ever more common. More than half of surveyed attorneys at U.S. law firms use generative AI for some purpose — up significantly from less than a third of attorneys who participated in the Law360 Pulse AI Survey last year.
