In the Matter of KENNETH COLE PRODUCTIONS, INC., SHAREHOLDER LITIGATION.
ERIE COUNTY EMPLOYEES RETIREMENT SYSTEM, Appellant,
v.
MICHAEL J. BLITZER et al., Respondents, et al., Defendant.
Court of Appeals of New York.https://leagle.com/images/logo.png
Argued March 23, 2016.
Decided May 5, 2016.
Attorney(s) appearing for the Case
Kessler Topaz Meltzer & Check, LLP, Radnor, Pennsylvania (Lee D. Rudy, Michael Wagner and Leah Heifetz of counsel), and Bernstein Litowitz Berger & Grossmann LLP, New York City (Mark Lebovitch, Jeroen van Kwawegen and Adam Hollander of counsel), for appellant.
Willkie Farr & Gallagher LLP, New York City (Tariq Mundiya, Sameer Advani and Benjamin P. McCallen of counsel), for Kenneth D. Cole and others, and Sidley Austin LLP, New York City (Andrew W. Stern, Nicholas P. Crowell, David L. Breau and David W. Denton, Jr., of counsel), and Kaye Scholer LLP, New York City (Vincent A. Sama, Catherine B. Schumacher and Daphne Morduchowitz of counsel), for Michael J. Blitzer and others, respondents.
Whiteman Osterman & Hanna LLP, Albany (Howard A. Levine and Alan J. Goldberg of counsel), and Hach Rose Schirripa & Cheverie LLP, New York City (Frank R. Schirripa of counsel), for Eastern New York Laborers' District Council, amicus curiae.
Judges PIGOTT, RIVERA, ABDUS-SALAAM, FAHEY and GARCIA concur; Chief Judge DIFIORE taking no part.
[27 N.Y.3d 271]
OPINION OF THE COURT
STEIN, J.
In this shareholder class action challenging a going-private merger, we adopt the standard of review recently announced by the Delaware Supreme Court in Kahn v M & F Worldwide Corp. (88 A.3d 635, 644-645 [Del 2014...
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