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Delaware Court of Chancery Ends Massey Stockholder Litigation Saga and Dismisses Claims

Posted in Corporate Litigation, Delaware Courts, Litigation Trends

Under Delaware law, when a derivative plaintiff loses its stockholder status as the result of a merger, the plaintiff usually also loses its standing to pursue a derivative suit on behalf of the corporation.  This rule is subject to only two limited exceptions: (1) when “the merger itself is the subject of a claim of… Continue Reading