- Our firm, together with Weil, Gotshal & Manges LLP, successfully represented Lender Processing Services, Inc. in an appraisal proceeding arising from Fidelity National Financial, Inc.’s $4.2 billion acquisition of Lender Processing. Following a four-day trial, the Court of Chancery gave 100% weight to the final merger consideration. Petitioner Merion Capital accordingly received none of the approximately $90 million in additional consideration it had sought in the appraisal action.
- In Corwin v. KKR Financial Holdings LLC, No. 629, 2014 (Del. 2015), the firm, together with Wachtell, Lipton, Rosen & Katz, represented KKR Financial Holdings LLC and its directors in obtaining dismissal of stockholder litigation challenging an approximately $2.6 billion merger with KKR & Co. LP. The Delaware Supreme Court upheld the dismissal on appeal.