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Patrick Quine is an Associate in the Corporate Practice Group in the firm's Dallas office.

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IN RE DELL TECHNOLOGIES INC. CLASS V STOCKHOLDERS LITIGATION There has been a growing deference in Delaware courts for transactions approved by independent special committees and minority stockholders. In the context of a company with a controlling stockholder, the Delaware Supreme Court has provided guidance in Kahn v. M&F Worldwide Corp.[1] (“MFW”) on how boards can structure special committees and minority stockholder votes to have board decisions adjudicated under the highly deferential protection of the business judgment rule.[2] However, the Delaware Court of Chancery recently found in In re Dell Technologies Inc. Class V Stockholders Litigation[3] (“Dell”)… Continue Reading Board Guidance: Getting To Business Judgment Rule Deference When You Have A Controlling Stockholder

About

Patrick Quine is an Associate in the Corporate Practice Group in the firm's Dallas office.