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Customers enter and exit a Fresh Market store in Greensboro, North Carolina, U.S., on Saturday, Nov. 6, 2010. Fresh Market Inc., the Greensboro, North Carolina-based grocery chain, posted this year's second biggest first-day gain for an initial public offering by a U.S. company as the IPO market extended its rebound. Photo Credit: Jim R. Bounds/Bloomberg

The Delaware Supreme Court on Monday effectively revived a shareholder suit challenging Fresh Market Inc.’s $1.4 billion acquisition by a private equity firm, in an opinion that served as a “cautionary reminder” that partial disclosures cannot secure business-judgment protections under the Corwin doctrine.

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Tom McParland

Tom McParland of Delaware Law Weekly can be contacted at 215-557-2485 or at tmcparland@alm.com. Follow him on Twitter @TMcParlandTLI.

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