MacAndrews & Forbes Holdings, Inc. v. Revlon, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that lock-up options are not per se illegal, but preliminarily enjoining asset option agreement as likely misapplication of directorial authority
• noting that lock-up options are not per se illegal, but preliminarily enjoining asset option agreement as likely misapplication of directorial authority.
• noting differential of $75,000,000.00 between option price and lowest estimate of value in target's investment banker's opinion
• noting differential of $75,000,000.00 between option price and lowest estimate of value in target’s investment banker’s opinion
• questioning shareholder benefit where, to secure additional $1 per share, Board optioned certain divisions at price $75 million below Revlon's own investment banker's lowest estimate of fair value
• questioning shareholder benefit where, to secure additional $1 per share, Board optioned certain divisions at price $75 million below Revlon’s own investment banker’s lowest estimate of fair value

Source: CourtListener parenthetical corpus (CC0).