Insights & Publications
Diversity & Inclusion
© 2020 Debevoise & Plimpton LLP
Delaware Supreme Court Affirms “Narrow”
Ruling; Declines to Characterize Sell-Side Financial Advisors as “Gatekeepers”
1 December 2015
View Client Update
Delaware Supreme Court affirms $75 million award against sell-side financial advisor for aiding and abetting breach of fiduciary duty by target directors.
Court describes its decision as “narrow,” based on “unusual facts,” and not an expansion of existing Delaware law.
Court rejects trial court’s characterization of financial advisors as “gatekeepers” and emphasizes the contractual nature of the advisor/client relationship.
Mergers & Acquisitions
M&A/Corporate Governance Litigation
Andrew L. Bab
Gregory V. Gooding
Gary W. Kubek
View More Authors
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review