Delaware Transactional Law Updates

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A stockholder owning well less than a majority of stock can be found to be a controlling stockholder if the person or entity exercises significant decisional control over the company

In Re Zhongpin Inc. Consolidated Stockholders Litigation, C.A. No. 7393-VCN (Novemeber 26, 2014)The Court denied a motion to dismiss brought against the individual members of the board of a Chinese company. Plaintiffs, the public stockholders, alleged that the process...