Rural Metro: Another Shackelton Expedition Falls Short of the Podium

An anxiously-awaited Delaware Chancery Court opinion may be a milestone in the evolving dynamics between corporate boards of directors and investment bankers. While the opinion was merely confirmatory on well-trodden subjects like staple financing, ethical walls, and unfortunate emails unearthed during discovery, the opinion may prove landmark in redefining the role of investment banks in facilitating the fiduciary duty of care in M&A transactions.

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