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The Situation: When the Delaware Supreme Court decided Kahn v. M&F Worldwide Corp. (MFW) in 2014 (88 A.3d 635 (Del. 2014)), it provided a pathway for business judgment review for.
Overview In 2014, the Delaware Supreme Court held in Kahn v. M&F Worldwide Corp. that a court will apply the entire fairness standard of review to freeze-out merger transactions between a controlled.