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Full-Text Articles in Law
The Golden Ratio Of Corporate Deal-Making, Christina M. Sautter
The Golden Ratio Of Corporate Deal-Making, Christina M. Sautter
Journal Articles
The article discusses the Delaware Supreme Court's decision in the case 'Revlon, Inc. v. MacAndrews & Forbes Holdings Inc.' in which the court sale of corporate control, the target's board of directors has a duty to maximize stockholder value. Topics discussed include relationship between the deal protection devices and sale process; golden ratio of corporate deal-making; and the court's definition of an ideal merger and acquisition of a sale process.
Why Retributivism Needs Consequentialism: The Rightful Place Of Revenge In The Criminal Justice System, Ken Levy
Journal Articles
Consider the reaction of Trayvon Martin’s family to the jury verdict. They were devastated that George Zimmerman, the defendant, was found not guilty of manslaughter or murder. Whatever the merits of this outcome, what does the Martin family’s emotional reaction mean? What does it say about criminal punishment – especially the reasons why we punish? Why did the Martin family want to see George Zimmerman go to jail? And why were – and are – they so upset that he didn’t? This Article will argue for three points. First, what fuels this kind of outrage is vengeance: the desire to …
Promises Made To Be Broken? Standstill Agreements In Change Of Control Transactions, Christina M. Sautter
Promises Made To Be Broken? Standstill Agreements In Change Of Control Transactions, Christina M. Sautter
Journal Articles
Many promises are made in the negotiation of a merger but not all promises are necessarily enforceable or consistent with a board of directors’ fiduciary duties. This article explores the enforceability of one such promise: the buyer’s standstill agreement. When a publicly traded company explores a sale, that company, the target, customarily requires each potential buyer to execute a standstill agreement. A typical standstill prevents potential buyers from publicly making or announcing a bid for the target during the sale process without the target’s prior consent and for a period of approximately twelve to eighteen months from the conclusion of …