Andrew Krause

Feb 21, 2024 | lexblog.com | Andre Bouchard |André Bouchard |Jaren Janghorbani |Andrew Krause |Kyle Seifried

In In re Sears Hometown and Outlet Stores, Inc. Stockholder Litigation, the Delaware Court of Chancery (in an opinion by Vice Chancellor J. Travis Laster) clarified that, when exercising stockholder rights to alter a corporation’s status quo, controllers owe duties not to harm the corporation or its minority stockholders intentionally or through gross negligence.

Nov 13, 2023 | lexology.com | Andre Bouchard |André Bouchard |Jaren Janghorbani |Robert Kindler |Andrew Krause |Kyle Seifried

In Crispo v. Musk, the Delaware Court of Chancery, in an opinion by Chancellor McCormick, addressed the enforceability of merger agreement provisions related to the recovery of lost-premium damages by the target. Such “Con Ed provisions”—named after the Second Circuit’s opinion in Consolidated Edison, Inc. v. Northeast Utilities—attempt to clarify that damages for lost merger premiums are recoverable from a wrongfully terminating buyer by the target or stockholders in certain circumstances.

Jul 26, 2023 | law360.com | Andrew Krause

Andrew Krause of Paul Weiss Rifkind Wharton & Garrison LLP has represented General Electric on every step of its long unwinding, Amazon on its $1.7 billion iRobot and $3.9 billion One... Want to continue reading?