Court of Chancery Sets Disclosure Rule For Banker
Ortsman v. Green, C.A. No. 2670-N (Del. Ch. February 28, 2007).
There is sometimes uncertainty as to what should be included in a disclosure statement that seeks stockholder approval of a merger. This brief opinion makes it clear that the basis for an investment banker's fees should be included, particularly when the fee is dependent in some degree on the merger's completion.
