In re Match Group, Inc.: How a Spinoff of Match.com Could Change the Game for Controlling Stockholders
EBA HENDRICKSON—Against a backdrop of rising investor activism, controlling stockholders must now jump through more procedural hoops to obtain the deferential business judgment standard of review for transactions they take part in. In Kahn v. M&F Worldwide Corp. (“MFW”), the Delaware Supreme Court announced that the business judgment rule will only apply to “squeeze-out” mergers […]