The Delaware Court of Chancery has denied a request by Dell Inc.'s shareholders to expedite their lawsuit challenging a $24.4 billion buyout proposed by company founder Michael Dell. In issuing the decision, the court held that the plaintiffs failed to plead colorable claims of breach of fiduciary duty against the company's board for recommending the buyout and that the stockholders have the option of voting against the offer.
Challenge to $24 Bil. Dell Buyout Won't Be Expedited
Delaware Business Court Insider
July 3, 2013