New York Supreme Court Justice Shirley Kornreich was none too pleased earlier this year to find herself in a tug of war with Delaware’s top business court judge, Leo E. Strine Jr., in litigation over NYSE Euronext’s $8.2 billion sale to IntercontinentalExchange. "Who please tell me it’s not Chancellor Strine who has the Delaware cases?" she pleaded back in January.
Strine was indeed presiding over parallel litigation brought by shareholders claiming they were shortchanged in the NYSE Euronext deal. And thanks to a decision Monday by a New York appellate panel, which overturned Kornreich’s decision not to stay the New York litigation in favor of the Delaware cases, Strine is now firmly in command.
This content has been archived.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
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]
