As the threat of an unprecedented default in U.S. government debt plays out over the coming months, the United States is in uncharted territory.
Continue Reading Corporates Face Novel, Greater Risks from Debt Ceiling Impasse—Even if No Default OccursCorporate Law
Delaware Chancery Court’s Mindbody Decision – Lessons for Private Equity Buyers in Take-Private Transactions
By John A. Kupiec, Mark E. McDonald & Yuan He on
In a recent opinion addressing breaches of fiduciary duties and disclosure violations in connection with a take-private of Mindbody, Inc. by Vista Equity Partners, the Delaware Court of Chancery reinforced the significance (to both buyers and sellers) of avoiding conflicts in a sell-side process and ensuring all material facts are disclosed to the target’s board …