In re Dole Food: Delaware Court of Chancery Awards "Fairer Price" under Entire Fairness Review where Breach of Duty of Loyalty Was Based on Fraud | Practical Law
The Delaware Court of Chancery ruled that the stockholders of Dole Food Company, Inc. were entitled to a "fairer price," not just an "arguably fair price," because of the fraud committed by the corporation's controlling stockholder and its chief operating in connection with a going private transaction.