Month: August 2026
Court Holds Revlon ‘Duties’ Don’t Apply to PBC in Change-of-Control Transaction
Recently, the Delaware Court of Chancery issued a decision of first impression addressing the fiduciary duties and standards of review applicable to a Delaware public benefit corporation (PBC) navigating a change-of-control transaction. In Drakes Landing Associates, L.P. v. Tilden Park Capital Management, L.P., C.A. No. 2025-0898-NAC (Del. Ch. July 29, 2026), […]
Securities Class Action Trends: AI Filings Surge, Alleged Losses and Settlement Values Climb
Two leading consulting and expert firms – Cornerstone Research and NERA – recently released reports on securities class action filings and settlements in the first half of 2026. Both reported a notable upturn in filing activity and meaningful increases in alleged investor losses and settlement values. Cornerstone’s reports observed a […]