Delaware Chancery Court Finds Reverse Triangular Mergers May Trigger "Assignment by Operation of Law" Provisions | Practical Law
An update on the Delaware Court of Chancery's opinion in Meso Scale Diagnostics, LLC v. Roche Diagnostics GMBH holding that a reverse triangular merger may constitute an assignment by operation of law where the plaintiff presents evidence that the defendant converted the target into a shell company immediately following the merger.