Delaware Supreme Court Upholds Court of Chancery's Bench Ruling in "SynQor" for Applying "M&F WorldWide" Test | Practical Law
The Delaware Supreme Court upheld the Court of Chancery's bench ruling in Swomley v. Schlecht ("SynQor"), which had applied the Supreme Court's ruling in Kahn v. M & F Worldwide to a transaction involving a private company and held that the controlling stockholder satisfied the test for application of the business judgment rule.