Law Offices of Vance R. Koven | Latest Blog

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Law Offices of Vance R. Koven | Latest Blog

Big Pharma Merger Case Teaches Many Lessons

Thursday, October 04, 2018

Holy hypodermic, Batman! Since my exposure to the pharma industry is pretty tangential, I haven't been following this dispute between Fresenius, a large German drug company, and Akorn, a US company it had agreed to acquire and then sought to drop like ein' heißen Kartoffel. The Delaware Court of Chancery handed down its judgment in the case Monday in an opinion by Vice Chancellor Laster, and it's quite remarkable--the opinion, for all its 246 pages, is quite the page-turner and discloses a pretty sordid set of facts. You can find the case here (). The detailed description of the facts more