In describing the benefits of a class action settlement in a shareholders’ merger challenge as akin to the size of a peppercorn but the rights bargained away only equal to a mustard seed, Vice Chancellor Sam Glasscock III approved the noncash settlement over the sole objection of a law professor.
But Glasscock expressed his concerns with the breadth of the release and said the likelihood of customary approvals of such releases in exchange for disclosures will be diminished by his Sept. 17 opinion in In re Riverbed Technology Stockholders Litigation as well as other recent Court of Chancery rulings.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
