Corwin v. KKR Fin. Holdings LLC

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October 2, 2015

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6798 Real Estate Investment Trusts
531110 Lessors of Residential Buildings and Dwellings
breach of fiduciary duty
breach of fiduciary duty, conflict of interest, entire fairness, merger, controlling shareholder, business judgment, standard of review
Corwin v. KKR Fin. Holdings LLC
125 A.3d 304 (Del. 2015)
US
State Court
Delaware
Supreme Court
N/A (plaintiffs/appellants); N/A (defendants/appellees)
Strine

Summary

Regarding breach of fiduciary duty claims, Delaware Supreme Court says business judgment rule (lower standard of review) applies where disinterested stockholder majority approves merger with third party and vote was uncoerced and fully informed.
Corwin v. KKR Fin. Holdings LLC
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