Chancery Upholds Shareholder Representative Structure and Refuses to Treat Sellers as Real Parties in Interest

Barry Klayman & Mark Felger, writing in the Delaware Business Court Insider, discuss  a recent decision by the Court of Chancery of Delaware upholding the shareholder representative structure in a buy-sell agreement and rejecting a motion by the buyer to treat the individual selling shareholders as real parties in interest for purposes of discovery and trial.

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Mark E. Felger

Co-Chair, Bankruptcy, Insolvency & Restructuring

(302) 295-2087

Barry M. Klayman

Of Counsel

(302) 295-2035

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