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    Home /  Insights /  Memos and Newsletters /  Memo
    S&C Memos

    Delaware Chancery Court Dismisses Claims Against Controlling Shareholder

    Court Clarifies Two Issues of Delaware Law Regarding Lawsuits Challenging Mergers on “Unique Benefit” Grounds

    September 17, 2024 | min read |
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    Vice Chancellor J. Travis Laster dismissed claims against a controller last week in Clement v. Apollo Global Management, LLC. Plaintiff alleged that a merger was unfair because the controller allegedly extracted “unique benefits” in the merger. The court held that the complaint failed to state a claim and took the opportunity to clarify two issues regarding “unique benefits” and standing.

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