Banker Conflicts, Redux: Court of Chancery Tags Financial Advisor With Aiding and Abetting Liability Following Trial

Mike Sirkin published an article in the April 2014 edition of The M&A Lawyer entitled Banker Conflicts, Redux: Court of Chancery Tags Financial Advisor With Aiding and Abetting Liability Following Trial.  The article addresses the Court of Chancery’s recent Rural Metro case, in which the Court held that conflicts of interest tainted a financial advisor's process advice and fairness analysis in connection with its engagement by a sell-side special committee, thereby leading to aiding and abetting liability.