Delaware Court of Chancery reinforces high bar to plead existence of a control group and dismisses action challenging ...
The Delaware Court of Chancery, in Le Clair v. KnowBe4, Inc., issued a decision dismissing a putative class action challenging Vista Equity Partners’ (“Vista”) take-private acquisition of KnowBe4, Inc. (“KnowBe4” or the “Company”). Specifically, former …