Supreme Court of Delaware August 27, 2001, 80, 2000 (Malpiede v. Townson)

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United States · · · 27-08-2001

VEASEY, Chief Justice.

In this appeal, we affirm the holding of the Court of Chancery that allegations in the class action complaint challenging a merger do not support the plaintiff stockholders’ claims alleging: (1) breaches of the target board’s duty of loyalty or its disclosure duties; and (2) aiding and abetting or tortious interference by the acquiring corporation.

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