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The Delaware Court of Chancery on Thursday refused a request by Citadel Plastics Holdings to delay a fraud suit stemming from its $800 million sale to plastics supplier A. Schulman Inc. after federal prosecutors subpoenaed five defendants in a parallel criminal probe, saying it was not yet clear to what extent the two cases would overlap.
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Tom McParland of Delaware Law Weekly can be contacted at 215-557-2485 or at email@example.com. Follow him on Twitter @TMcParlandTLI.