Here is a post from The Wall Street Journal Law Blog, with a link to the transcript of proceedings yesterday in the expedited SLM Corporation (Sallie Mae) v. J.C. Flowers L.P.,  litigation, describing how the Chancery Court prohibited reporters from leaving the courtroom after what may have been a "market moving" admission during a hearing. The linked transcript also raises the issue in general of the value of fairness opinions in M & A deals.

UPDATE: Here is a post from Prof. Bainbridge about the hearing, with links to additional commentary.