Delaware Court Applies ‘Business Judgment’ Test to KKR’s Acquisition of Managed Affiliate

Partner Gardner Davis and Senior Counsel John Wolfel coauthored an article that appeared in Thomson Reuters’ Corporate Officers & Directors Liability and Thomson Reuters’ Delaware Corporate. The piece, “Delaware Court Applies ‘Business Judgment’ Test to KKR’s Acquisition of Managed Affiliate,” discusses the significance of the recent KKR Financial Holdings ruling by Delaware’s Chancery Court concerning the safeguards that need to be in place to qualify a merger involving a major stockholder parent and a managed affiliate for “business judgment” rule review.