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Email In an October 2, 2015 decision, Corwin, et al. v. KKR Financial Holdings LLC., et al., the Delaware Supreme Court clarified that once a merger closes, as long as it has been approved by a fully informed vote of the disinterested stockholders, the standard for reviewing the board’s conduct will be the business judgment rule unless the transaction is subject to the entire fairness standard (as can be the case in a transaction with a controlling stockholder). The Court stated that business judgment rule protection would also apply in this scenario even if the Revlon enhanced scrutiny standard applied to the merger. https://www.cadwalader.com/resources/clients-friends-memos/informed-vote-of-disinterested-stockholders-results-in-business-judgment-rule-protection-in-post-closing-review-of-merger