Delaware Corporations Must Employ Procedural Safeguards When Approving a Reincorporation That Could Benefit a Controlling Stockholder to Avoid Entire Fairness Standard of Review In Palkon v. Maffei (Del. Ch. Feb. 20, 2024), the Delaware Court of Chancery addressed whether the “entire fairness” standard of review applies to a controlling stockholder’s approval of reincorporation transactions that […]
