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Delaware Transactional Law Updates

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Informed and Uncoerced Shareholder Approval of a Merger Requires Application of the Business Judgment Rule to Post-Closing Monetary Damages Suits Not Involving a Conflicted Controller

City of Miami General Employees’ and Sanitation Employees’ Retirement Trust v. Comstock, C.A. No. 9980-CB (Del. Ch. August 24, 2016) The Court of Chancery applied the business judgment rule to dismiss the plaintiff’s post-closing monetary damages claims in connection...