Fine-Tuning Revlon: The Consequence of Fair and Fully Informed Stockholder Votes

The recent Delaware Supreme Court decision of Corwin v. KKR Financial Holdings, LLC held that in the event of a fair and fully informed stockholder vote, a court will apply the business judgment standard instead of Revlon‘s increased scrutiny.  In a blog post written for the Delaware Journal of Corporate Law, DJCL staff member Nicholas Picollelli, Jr.  explains that because a conflict-free vote puts stockholders in the best position to evaluate a proposed transaction, heightened Revlon scrutiny is unnecessary.


Leave a Reply