Match.com Ruling Stresses Investor Protections in Insider Deals

April 5, 2024, 9:00 AM UTC

The Delaware Supreme Court has reiterated its intent to protect minority investors who are effectively powerless to sway transactions between companies and their controlling stockholders.

The court on Thursday turned aside arguments that such protections only applied to deals where minority investors get cashed out at a price set unilaterally by a controller.

The 50-page ruling revives litigation over a restructuring that split online dating company Match Group Inc. from billionaire Barry Diller’s tech and media holding company IAC/Interactive Corp.

Here are some takeaways from the five-judge decision, signed by Chief Justice Collins J. Seitz Jr.

MFW Scope ...

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