Press Mention

Volcano’s Merger Suit

The Deal, etc.
July 5, 2016

"Tamika Montgomery-Reeves issued her first important decision as a member of the Delaware Court of Chancery on June 30 in a case arising from the $1.2 billion sale of Volcano Corp. to Koninklijke Philips NV (PHG). The 49-page opinion advances the Delaware case law on the effect of a fully informed shareholder vote on suits claiming flaws in a sales process and suggests what kind of Vice Chancellor Montgomery will be - measured and thorough, but also unafraid to develop doctrine when she believes it appropriate to do so."

"Chancery's Montgomery-Reeves' Extends Business Judgement Protections to Tender Offers," The Deal

"Tender Offer in Merger Subject to Business Judgment Rule, Chancery Says," Delaware Business Court Insider

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.