Major proxy advisory firm Institutional Shareholder Services (ISS) issues guidance every year for investors laying out ISS’ recommendations for voting on various shareholder issues. The 2022 US voting guidelines recommend voting in favor of appraisal rights when such rights are
Latest from Valuation Litigation & Shareholder Rights Blog - Page 3
Panel: A Comparative View of Appraisal Rights
Rolnick Kramer Sadighi is sponsoring a panel alongside the New York City Bar Association’s Foreign & Comparative Law Committee on appraisal rights across jurisdictions, including practical differences between jurisdictions in the use and effectiveness of the appraisal remedy. Appraisal experts in Cayman Rocco Cecere
The MJBizCon Denouement
MJBizCon2021 was as explosive as the cannabis industry itself. The range of programs, volume of exhibits and sheer number of attendees, despite the continuing impact of the pandemic, reflected the vibrant and fast-growing cannabis space itself.
Cannabis valuation continues to
Live Post from MJBizCon
[RKS Partner Steve Hecht is currently at MJBizCon, the largest Cannabis business conference in the US.]
The diversity of businesses and business lines here at MJBizCon is one of the first things that hits you. While cannabis itself is
Individual Results May Vary: MSO Valuations Across Different States
Sports teams often prize the benefits of home-field advantage, but when it comes to valuing a cannabis multi-state operator, playing in your home court does not necessarily result in the highest valuation. As we have posted about before, different
Are Sky-High Cannabis Valuations Reined in by Federal Tax Law?
Players in the cannabis space already understand that federal tax law as currently structured extracts a far greater tax bite from marijuana businesses than corresponding companies, as cannabis companies are prohibited from deducting their business expenses from gross income. Of
Thoughts from ACG Panel on Cannabis M&A
The Association for Corporate Growth of Los Angeles hosted a panel on Trends & Transactions in Cannabis Middle Market M&A.
The panel addressed appropriate valuation methods for cannabis companies, with one speaker suggesting that a valuation based on a multiple
Cannabis Business Valuation: Growing Importance as Market Expands
Cannabis valuation issues will continue to grow in importance as the macro industry grows and as market participants continue to engage in transactions that refine the inputs for any valuation analysis.
This piece by Bloomberg BNA [sub] highlights the 34
Reverse Veil-Piercing: Why it Matters. An Example From Delaware.
Delaware law generally respects corporate separateness, but in rare cases will disregard the corporate form to prevent fraud or injustice. Earlier this year, in Manichaean Capital, LLC v. Exela Technologies, Inc., 2021 WL 2104857 (Del. Ch. May 25, 2021), Vice
SPAC Activity Subject to Contractual Restrictive Covenant
In a federal court ruling from earlier this year, Vogel v. Boris, the New York federal court refused to toss out a claim by an LLC member, Vogel, against his two other business partners, alleging that they violated a