Deals where preferred stockholders come out whole while common stockholders end up with peanuts often end up with the common stockholders crying foul. Wei v. Levinson, (Del. Ch.; 6/25), is the latest example of that kind of case to make its way to the Chancery Court. The case arose out of Amazon’s $1.3 billion acquisition of Zoox. […]

Chancery Addresses Preferred v. Common Conflict in Sale Transaction