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"Rural/Metro: Aiding & Abetting Breach Claims Now"

Monday, March 14, 2016

2:00 - 2:45 pm, eastern [archive and transcript to follow]

Course Materials

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The Delaware Supreme Court issued its highly anticipated opinion in RBC v. Jervis (aka "Rural/Metro") on November 30th, affirming the principal legal holdings of the Delaware Court of Chancery in finding one of Rural/Metro's financial advisors liable for aiding and abetting breaches of fiduciary duty by the Rural/Metro board. Our panel will discuss the most significant legal aspects and implications of the Rural/Metro decision, as well as key takeaways from the Delaware Supreme Court's opinion.

Join these experienced M&A attorneys:

  • Brad Davey, Partner, Potter Anderson Corroon LLP
  • Kevin Miller, Partner, Alston & Bird LLP
  • Blake Rohrbacher, Director, Richards Layton & Finger, PA

Key topics will include:

  • What were the principal legal holdings of the Delaware Court of Chancery affirmed by the Delaware Supreme Court?
  • What are the implications of applying the Revlon reasonableness standard for purposes of evaluating whether the board breached its fiduciary duty?
  • What is the effect of the Delaware Supreme Court's definition of scienter for purposes of evaluating whether a defendant knowingly participated in a board's breach of fiduciary duty?
  • What are the potential implications of the Delaware Supreme Court's decision with respect to the potential liability of executive officers for breaches of fiduciary duty in connection with M&A transactions?
  • What should financial advisors be doing differently in light of the Rural/Metro decision and other developments (e.g., Chief Justice Strine's article on "Documenting the Deal")?

Cost: Members of this site are able to attend this critical webcast at no charge. If not yet a member, try a no-risk trial now. The webcast cost for non-members is $595. You can renew or sign up for this no-risk trial online - or by fax or mail via this order form. If you need assistance, send us an email at info@deallawyers.com - or call us at 925.685.5111.

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