Last week, in Firefighters’ Pension System v. Foundation Building Materials, (Del. Ch.; 5/31), the Chancery Court addressed a variety of claims arising out of the 2020 sale of Foundation Building Materials to a private equity firm. In his 140-page opinion, Vice Chancellor Laster addressed a range of fiduciary duty and aiding and abetting claims against a variety […]
M&A Disclosure: Del. Chancery Says Materiality Standard Doesn’t Vary