Posted on January 8, 2009 by Francis G.X. Pileggi

Chancery Approves Class Action Settlement of Claims Of Inadequate Disclosure in Tender Offer

MARIE RAYMOND REVOCABLE TRUST v. MAT FIVE LLC, (Del. Ch., Dec. 19, 2008), read opinion here. The Chancery Court in this 39-page decision approved a class action settlement regarding claims of inadequate disclosure in a tender offer. Included in the opinion is the court's exercise of its own business judgment... Continue Reading...
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Posted on October 27, 2008 by Francis G.X. Pileggi

Chancery Grants Motion To Intervene in Contested Stock Issuance Case

Noe v. Kropf, 2008 Del. Ch. LEXIS 148 (Oct. 15, 2008), is a Chancery Court decision that discusses the factors under Chancery Court Rule 24 applicable to a motion to intervene. This case involved a shareholder who sought to intervene because the original plaintiff was requesting from the Court a... Continue Reading...
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