International Law Office published a May 7 article authored by private equity partner Jason Freedman (San Francisco) and mergers & acquisitions partner Jane Goldstein (Boston). In the article, titled “Financial adviser liable for aiding and abetting board breach of fiduciary duties,” they discuss the Delaware Court of Chancery’s post-trial opinion in In Re Rural/Metro Corporation Stockholders Litigation, one in a series of recent Delaware opinions concerning conflicts of interest of banks and investment firms in advising companies in sale transactions.
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