Posts tagged corporate merger.
Almost every proposed corporate merger is met with a shareholder suit against the acquiring company, merger target and the target's board of directors in which the shareholders assert that the board breached its fiduciary duties by failing to maximize the value of the company and disseminated proxy statements that contained inadequate disclosures. In a recent case - Dent v. Ramtron International Corp., CIV.A. 7950-VCP, 2014 WL 2931180 (Del. Ch. June 30, 2014) - the Delaware Court of Chancery dismissed such a shareholder suit, and in doing so provided a detailed explanation of the ...
Posted in: Third Circuit Court
Tags: class action suit, corporate merger, Delaware, Dent v. Ramtron International Corp, shareholder