In re: OPENLANE and New Jersey Carpenters Pension Fund v. infoGROUP: Delaware Court of Chancery Upholds One Board Process, Finds Possible Breach in Another | Practical Law

In re: OPENLANE and New Jersey Carpenters Pension Fund v. infoGROUP: Delaware Court of Chancery Upholds One Board Process, Finds Possible Breach in Another | Practical Law

An update on the decisions issued by the Delaware Court of Chancery in In re: OPENLANE Shareholders Litigation and New Jersey Carpenters Pension Fund v. infoGROUP, Inc., which demonstrate the continued latitude that the Court affords directors to negotiate a sale, as long as they can show that they were adequately informed, acted reasonably and were disinterested.

In re: OPENLANE and New Jersey Carpenters Pension Fund v. infoGROUP: Delaware Court of Chancery Upholds One Board Process, Finds Possible Breach in Another

by PLC Corporate & Securities
Published on 07 Oct 2011 • Delaware
An update on the decisions issued by the Delaware Court of Chancery in In re: OPENLANE Shareholders Litigation and New Jersey Carpenters Pension Fund v. infoGROUP, Inc., which demonstrate the continued latitude that the Court affords directors to negotiate a sale, as long as they can show that they were adequately informed, acted reasonably and were disinterested.