(L-R)CEO of Twitter Jack Dorsey and Jay Z. Credit: Frederic Legrand- COMEO/Shutterstock.com/s_bukley/Shutterstock.com Without Liability Showing in Tidal Deal, Block's Board 'Free to Make a Terrible Business Decision'
"Although the facts emphasized by plaintiff do not generate tremendous confidence in the transaction committee's process, they fall short of supporting an inference of bad faith," the opinion stated.
May 10, 2023 at 04:18 PM
3 minute read
Block's board may have made a bad deal when it acquired music streaming company Tidal, but that's its right without evidence of bad faith, Chancellor Kathaleen McCormick decided Tuesday.
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