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Business Organizations Keyed to Bouchoux
Kahn v. M & F Worldwide Corp.
Citation:88 A.3d 635 (Del. 2014)
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
MFW was 43.4% owned by MacAndrews & Forbes, which in turn is entirely owned by Ronald O. Perelman. The MFW board had thirteen members. In May 2011, Perelman began to explore the possibility of taking MFW private. Schwartz sent a letter proposal to the MFW board to buy the remaining MFW shares for $24 in cash. Appellants alleges that the Special Committee formed to consider the proposal was not disinterested and independent, was not fully empowered, and was not effective and that they did not afford MFW stockholders protection sufficient to displace entire fairness review.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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