Del. Chancery Dismisses Claim Citing Controller’s Greater Interest in Buyer than Target
Del. Chancery Dismisses Claim Citing Controller’s Greater Interest in Buyer than Target

This Sidley Enhanced Scrutiny blog discusses the Delaware Chancery’s recent “rare pre-discovery dismissal of an entire fairness claim” in In re Skillsoft Stockholders Litigation (Del. Ch.; 2.25). The claim involved the acquisition of Codecademy by Skillsoft in November 2021, shortly after Skillsoft went public via de-SPAC. In the de-SPAC, Prosus acquired a 38.4% stake in Skillsoft. It also held […]

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