Corwin v. KKR Fin. Holdings LLC

Full Text of Court Cases
October 2, 2015
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)
State Court
Supreme Court
N/A (plaintiffs/appellants); N/A (defendants/appellees)


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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