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Squeezed-Out Stockholder Has Standing to Sue GE, Glasscock Says
The Delaware Court of Chancery has ruled that a pension fund squeezed out of its stake in General Electric's financial services unit has standing to sue on behalf of itself and similarly situated stockholders, who claim they were shortchanged in a merger.Recipient of Void Stock Issuance Lacks 220 Standing, Chancery Rules
Inclusion on a company's stock ledger, by itself, does not give a plaintiff standing to sue for books-and-records access, the Court of Chancery ruled last week.Del. Supreme Court Blasts 'Super-Director' Analysis
The Delaware Supreme Court last week affirmed the result but disavowed the reasoning of the Court of Chancery's dismissal of a $50 million claim by OptimisCorp's chief executive in a fiduciary duties suit, saying a judge's analysis of the plaintiff's argument clouded an issue of growing importance in state courts.Trending Stories
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