From Van Gorkom to PLX Tech, Delaware Courts Guide Directors & Advisors in the Context of the Sale of Corporate Control
Partners Michael J. Maimone and Joseph C. Schoell authored an article entitled “From Van Gorkom to PLX Tech, Delaware Courts Guide Directors & Advisors in the Context of the Sale of Corporate Control” for the April 2019 issue of Wall Street Lawyer about PLX Tech. Inc. S’holders Litig., involving the merger between PLX Technology, Inc. and Avago Wireless (U.S.A.) Manufacturing Inc., now known as Broadcom Inc., which closed on August 12, 2014.
The article takes a look at key rulings by the Delaware Court of Chancery as it relates to PLX Tech. and, based upon these rulings, the guidance offered by the Court to directors and their advisors in the context of the sale of corporate control.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
Meet the Authors
