In June 2022, John blogged about the Delaware Chancery’s decision in Manti Holdings v. The Carlyle Group (Del. Ch.; 6/22) to deny a motion to dismiss allegations of “liquidity conflicts.” Specifically, that a PE sponsor and its representatives on a target company’s board were under pressure to sell to close out the fund that invested in the target — […]
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Del. Chancery Confirms High Bar to Prove Liquidity-Driven Conflict of a Controller