Sunday, July 1, 2007
Vice Chancellor Strine's opinion in In re Topps Shareholders Litigation, 2007 WL 1732586 (Del.Ch. June 14, 2007), continues to generate significant commentary (see my own post on the decision here; for a history of the transaction see Dealscape's post here). Over at the Harvard Corporate Governance Blog, Professor Lawrence A. Hamermesh has a nice post on the lessons from Topps for dissident directors, citing six mistakes that he finds the Topps dissident directors themselves made. And Chares M. Nathan, a partner at Latham & Watkins LLP, talks about the implications of Topps for the deal process linking to his firm's own memo. For those who can't get enough, you can access here Richards Layton and Finger's fine client memo. There is also a Wachtell memo out there; if someone provides a copy, I'll link to it.