July 19, 2007
Chuck Nathan on Appraisal Rights
In this podcast, Chuck Nathan of Latham & Watkins provides some insight into a recent Delaware case – In re: Appraisal of Transkaryotic Therapies (Del. Ch. Ct., 5/2/07) – dealing with appraisal rights, including:
– What happened in the recent Transkaryotic Therapies case?
– How might the case impact appraisal rights going forward?
– What might it mean in terms of the strategies that hedge funds pursue?
European Commission Ordered to Pay Damages for Wrongfully Blocking Takeover
Last week, the Court of First Instance of the European Communities found the European Commission liable for damages following the Commission’s unlawful prohibition of Schneider Electric’s acquisition of Legrand. This is the first time the Commission has been found liable to pay damages for the erroneous exercise of its merger review powers. In our “European M&A” Practice Area, we have posted related memos.