Please ensure Javascript is enabled for purposes of website accessibility
Home / Opinion Digests / Corporate / Corporate Acquisition – Tort/Negligence – Breach of Fiduciary Duty Claim – Minority Stockholder – Standing – First Impression (access required)

Corporate Acquisition – Tort/Negligence – Breach of Fiduciary Duty Claim – Minority Stockholder – Standing – First Impression (access required)

When defendant Reynolds American, Inc., decided to acquire Lorillard, Inc., 42 percent of Reynolds’ stock was owned by defendant British American Tobacco PLC (BAT). Although this ownership stake and certain contractual rights gave BAT leverage in the terms of the Lorillard acquisition, leverage is not the same as actual control and does not on its ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*