Sentences with phrase «facilitate shareholder transactions»

Not exact matches

Today, by a 5 - 3 vote, the Supreme Court decided Stoneridge Investment Partners v. Scientific Atlanta, rejecting the concept of «scheme liability» that would have allowed shareholders to sue third party advisers who may have facilitated the fraudulent transactions.

The most prurient aspect of the dispute concerned the allegations by CanniMed's special committee that the locked - up shareholders had been heavily involved with Aurora and others in orchestrating and facilitating the Aurora bid, such that the locked - up holders should be considered «joint actors» (this characterization would have significant disclosure implications and make the bid more difficult by excluding those shares from the 50 - per - cent minimum tender condition and from any minority approval of a subsequent acquisition transaction).

Through utilizing corporate law, corporations can determine how best to protect the interests of their shareholders and facilitate commercial transactions with customers and lenders.

While the press release contained only high level details, the 28 page Statement of Claim provides a very detailed account of the background leading up to the proposed CanniMed — Newstrike transaction and how certain CanniMed shareholders and Directors allegedly breached confidentiality and fiduciary duties and «hijacked» the board's process in order to kill the CanniMed — Newstrike deal and facilitate Aurora's bid to acquire CanniMed.