Narrowing what actions can be brought by Delaware companies’ stockholders in the context of a merger, a Court of Chancery opinion filed June 26 dismissed claims brought against former 21st Century Fox executives, including three members of the Murdoch family.

In his memorandum opinion, Chancellor Andre Bouchard wrote that a Fox stockholder hadn’t adequately proven that about $82.4 million in stock given to Rupert, James and Lachlan Murdoch interfered with the company’s sale to Disney and therefore didn’t have standing to bring derivative claims.

This content has been archived.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

Why am I seeing this?

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]