SunRun may take a lap around the IPO market with Robert Komin Jr. as its new CFO. For other updates launch today's Movers & shakers slideshow.
Last year, C&J Energy Services Inc. agreed to combine with a unit of Nabors Industries Ltd. in an inversion transaction that left Nabors shareholders with a slight majority of the combined entity though C&J effectively controlled it. C&J shareholders sued to challenge, and the Delaware Court of Chancery enjoined the deal. The companies appealed won a reversal in the state's Supreme Court. Bill Lafferty, a partner at Morris, Nichols, Arsht & Tunnell LLP in Wilmington who advised Nabors, says that the key lesson of Chief Justice Leo E. Strine Jr.'s opinion is that the Delaware courts will defer to a single-bidder auction process and allow an independent board to rely on a post-signing market check. More video