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Top News In Exela Techs Inc Today - Breaking & Trending Today

In March 2021, White & Case published a client alert entitled "How SPACs Can Manage the Risks of White Collar Scrutiny." The article discussed the surge in interest and publicity. ....

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Significant 2021 Decisions Affecting Private Company M&A - Corporate/Commercial Law

Delaware Supreme Court held that Abry's prohibition on sellers from excluding seller liability for fraud under the acquisition agreement only applies to intentional fraud. ....

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Delaware Joins Virginia in Allowing Reverse Veil-Piercing Under Certain Circumstances | Williams Mullen

Delaware Joins Virginia in Allowing Reverse Veil-Piercing Under Certain Circumstances | Williams Mullen
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The Delaware Court Of Chancery Adopts Outsider Reverse Veil-Piercing | Fox Rothschild LLP

The Delaware Court Of Chancery Adopts Outsider Reverse Veil-Piercing | Fox Rothschild LLP
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Reverse Veil-Piercing Endorsed by Delaware Chancery Court | Bracewell LLP

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A recent decision in the Delaware Chancery Court broadens the risk of inter-corporate liability by endorsing the theory of “reverse” veil-piercing, where a plaintiff can reach down to the assets of a parent company’s subsidiaries.
1 Although many plaintiffs in the past have pursued theories predicated on reverse veil-piercing, the decision from Vice Chancellor Slights is the first time the theory has been formally endorsed by a Delaware court.
The
Manichean case arose in the context of an appraisal proceeding, where stockholders of a company that intends to merge with another company can either elect to participate in the merger or dissent and seek statutory appraisal of their shares. When the board of SourceHOV Holdings, Inc., a business outsourcing company, presented stockholders with a proposed merger with Exela Technologies, Inc., some stockholders dissented and sought statutory appraisal. Afte ....

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