Posted on June 4, 2009 by Francis G.X. Pileggi

Chancery Court Approves Class Action Settlement Regarding Chicago Board Options Exchange

CME Group Inc. v. Chicago Board Options Exchange, Inc., No. 2369-VCN (Del. Ch., June 3, 2009), read opinion here. Prior Chancery Court opinions in this case were summarized on this blog here. This action began in order to establish the economic and trading rights of the Board of Trade of... Continue Reading...
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Posted on April 2, 2009 by Francis G.X. Pileggi

Chancery Court Rejects "For Now" a Class Action Settlement in Countrywide Shareholder Litigation

In re Countrywide Corporation Shareholders Litigation, Del. Ch., C.A. No 3464-VCN (March 31, 2009), read opinion here. Kevin Brady, a respected Delaware litigator, provides us with the benefit of his following review of this case. In this Chancery Court decision, Vice Chancellor Noble denied “for the time being” an application... Continue Reading...
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Posted on February 5, 2009 by Francis G.X. Pileggi

Supreme Court Affirms Allocation of Settlement Proceeds in Class Action Against Philadelphia Stock Exchange

Schultz v. Ginsburg and Philadelphia Stock Exchange, (Del. Supr., Feb. 3, 2009), read opinion here. The Delaware Supreme Court affirmed the Chancery Court's decision in connection with the allocation of proceeds from a settlement that ended a class action against the Philadelphia Stock Exchange. The settlement and the allocation... Continue Reading...
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Posted on January 27, 2009 by Francis G.X. Pileggi

Chancery Court Approves Settlement of Class Action Challenging Merger of Wrigley and Mars

In re Wm. Wrigley Jr. Co. Shareholders Litigation , (Del. Ch., Jan. 22, 2009), read opinion here. (Hat tip to Potter Anderson & Corroon LLP, for their eDelaware case summary, also posted on their website). Instead of providing a conventional summary of the court's decision, this is one of those... Continue Reading...
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