Delaware Double Play
The state's high court recently issued two rare reversals of M&A rulings from the Court of Chancery. Lyondell Chemical Company v. Walter E. Ryan and Leonard Gantler v. William L. Stephens have already become famous in the dealmaking world. We look to Vice Chancellor Stephen Lamb, Fish & Richardson's Cathy Reese, Dechert's William Lawlor, and Fried Frank's William G. McGuinness to unravel the various strands of each opinion.

Busted Deals
Thomas A. Cole of Sidley & Austin outlines the changes that have been wrought in M&A law by four decisions from the Court of Chancery in Delaware.

The Road to Perdition
Senior U.S. economist at Bank of America Merrill Lynch Drew Matus discusses how we got into this mess and what it could mean for years to come.

Chart: Negative Nominal Not Normal
Chart: Recession Last 18 Months
Chart: Equity Bottom 2/3rds Through Recession

A Target's NOLs
Lawyers from Mayer Brown LLP's Tax Transaction Group—Thomas W. Bottomlee, Jason S. Bazar and Arthur C. Walker—take us through the world of net operating losses and what acquirors need to know about their targets.