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In response to a recent request that it overrule decades-old law, the Delaware Supreme Court decisively reaffirmed the principle that a stock-for-stock merger eliminates the standing of a stockholder to maintain a derivative action. In Lewis v. Ward , the court provided an excellent summary of the conceptual underpinnings of the doctrine and its exceptions.
August 19, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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