By Gail Weinstein, Steven Steinman and Brian Mangino ( November 1, 2021, 5:48 PM EDT) -- The Sept. 20 BGC Partners Inc. Derivative Litigation opinion — in which Delaware Chancery Court sent a case involving the $875 million acquisition by BGC of Berkeley Point Financial LLC from Cantor Commercial Real Estate LP to trial — highlights the significant, negative impacts from a judicial finding that directors were not independent of the controller, particularly in the context of a related-party transaction....
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