{
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 "@id": "https://wulfkaal.github.io/claims/3017612-022",
 "identifier": "kaal:claim:3017612-022",
 "text": "Contractual consent to a cash out does not extinguish fiduciary claims: a minority shareholder who agreed to receive cash for shares may still challenge the merger as a breach of fiduciary duty.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612",
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  "name": "Shareholder Agreements - National Report of the United States of America",
  "datePublished": "2017",
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 },
 "keywords": [
  "corporate-governance"
 ],
 "about": [
  "fiduciary-duty",
  "freeze-out",
  "cash-out-merger",
  "minority-protection"
 ],
 "abstract": "The merger agreement allowed the company to give the minority shareholder cash in exchange for shares, but the Third Circuit determined that even if a minority shareholder agrees to a cash out, he may still object to the merger on grounds of a breach of fiduciary duty.",
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