A German bank was contractually obligated to pay distributions to investors who purchased its securities when the financial institution made similar distribution payments on securities it acquired through a merger with another bank, the Delaware Supreme Court has ruled. The high court's decision reversed and remanded a prior decision by the Delaware Court of Chancery, which held the German bank was not contractually obligated to make distribution payments.
Supreme Court Reverses Chancery Court in Bank Securities Dispute
Delaware Business Court Insider
March 27, 2013
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