Philadelphia Stock Exchange Sale Challenged

Courtesy of Adam Savett of the blog called Lies, Damn Lies and Forward Looking Statements, we have a link to a decision from the bench by Chancellor Chandler of Delaware's Chancery Court, denying a motion to dismiss a challenge to the sale of 90% of the exchange's equity to a group that includes its board of governors. The suit was brought as a class action by the exchange's shareholders. Here is a link to the full post: Lies, Damn Lies, & Forward Looking Statements: Philadelphia Stock Exchange Sale Challenged
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