Client Alerts

Court of Chancery Provides Guidance on When a Less-Than-Majority Stockholder May Be Deemed a Controlling Stockholder

Under Delaware law, a less-than-majority stockholder may be deemed a controlling stockholder if it “exercises control over the business affairs of the corporation.”  Two recent opinions from the Court of Chancery provide helpful guidance as to how the Court will apply this standard.

Click here to download the Morris Nichols analysis of the opinions in In re KKR Financial Holdings LLC Shareholder Litigation and In re Crimson Exploration Inc. Stockholder Litigation.

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