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74 Vand. L. Rev. En Banc 1 (2021)

handle is hein.journals/valewenb74 and id is 1 raw text is: DELAWARE CORPORATE LAW BULLETIN Chancery Court Dismisses Revlon Claims Without Considering Directors' Potential Corwin Defense Robert S. Reder* Anna Choi** *Professor of the Practice of Law at Vanderbilt University Law School. Professor Reder has been serving as a consulting attorney at Milbank LLP in New York City since his retirement as a partner in April 2011. **Vanderbilt University Law School, J.D. Candidate, May 2020. Demonstrates high bar faced by stockholders asserting non- exculpated claims of board domination by controlling stockholder, disabling board conflicts, and directorial bad faith IN TR O D U CTIO N ................................................................................ 2 I. FACTUAL BACKGROUND ........................................................ 6 A . GP C M erger ............................................................6 B. Sycamore's Competing Proposal .............................. 7 II. VICE CHANCELLOR SLIGHTS'S ANALYSIS............................. 8 A. Sycamore Is Not a Controller ................................... 8 B. Board-Level Conflicts ............................................. 9 C . B ad F aith ............................................................... 10 1. D isclosure .................................................... 10 2. D eal Process ................................................ 11 C O N CLU SIO N .................................................................................. 11 1

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