Delaware Chancery Court docket’s Mindbody Resolution – Classes for Personal Fairness Patrons in Take-Personal Transactions

In a current opinion addressing breaches of fiduciary duties and disclosure violations in reference to a take-private of Mindbody, Inc. by Vista Fairness Companions, the Delaware Court docket of Chancery bolstered the importance (to each consumers and sellers) of avoiding conflicts in a sell-side course of and making certain all materials info are disclosed to the goal’s board and stockholders. The Mindbody opinion, whereas addressing uncommon info, serves as a useful information for consumers in take-private transactions.