Krishna Veeraraghavan and Scott Crofton Co-author Article for Deal Lawyers

November 10, 2014

In its November-December 2014 issue, Deal Lawyers published an article by Messrs. Veeraraghavan and Crofton titled, “The Continuing Importance of Process in Entire Fairness Review: In re Nine Systems.” In the article, Messrs. Veeraraghavan and Crofton explore the ramifications for the venture capital community of the recent Delaware Chancery Court decision In re Nine Systems Corp. S’holder Litig., which emphasized the continuing relevance of the process prong of the entire fairness standard of review of transactions even in situations where a fair price has been separately established. After discussing the case itself, Messrs. Veeraraghavan and Crofton give practical advice for practitioners to establish a strong process, even at start-ups that may not have a strong corporate governance system in place and may have limited financial resources.