Earlier this week, in Frank v. Mullen and B. Riley Financial, (Del. Ch.; 5/25), the Chancery Court rejected allegations that B. Riley, a minority stockholder of National Holdings Corporation, was a controlling stockholder and that its acquisition of the company should be evaluated under the entire fairness standard. The plaintiff cited several factors that it claimed […]
Del. Chancery Rejects Claim that 46% Stockholder is a Controller