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Third-party advisors, boards involved in deals need to be more careful after Delaware ruling

A recent court ruling in Delaware shows the risks associated with advice given by third-party advisors when it comes to merger and acquisition deals.

The ruling by a Delaware Court of Chancery judge last month against RBC (Royal Bank of Canada) Capital Markets will lead to corporate boards and financial advisors being more careful in the acquisition process.

In March, it was found that RBC had conflicts of interest when it came to a $438 million deal in 2011 when a company acquired Rural/Metro Corp, a large ambulance service business.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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