Peter Wald, Blair Connelly and their team at Latham & Watkins defended Oracle founder Larry Ellison and co-CEO Safra Catz from shareholder derivative claims stemming from Ellison’s position as a major stakeholder at both companies.
May 19, 2023 at 07:30 AM
12 minute read
Editor/columnist
Looking for a roadmap for a corporate board considering the acquisition of a company where a fellow board member and major shareholder already holds a major stake?
You could hardly do better than the 101-page decision Delaware Vice Chancellor Sam Glasscock III handed down last week blessing Oracle Corp.’s $9.4 billion acquisition of NetSuite Inc.
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Peter Wald, left, and Blair Connelly, right, of Latham & Watkins. Courtesy photos
