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Cite as: In Re: UBS AG ERISA Litigation, 08 Civ. 6696, NYLJ 1202488491690, at *1 (SDNY, Decided March 24, 2011)District Judge Richard J. Sullivanp class="d
Court Denies Bid to Derail $116 Mil. Sale of Morton's
The Delaware Court of Chancery has dismissed a lawsuit filed by shareholders of Morton's Restaurant Group Inc., who alleged that the steakhouse chain's directors undervalued the company when they sold it to billionaire Tilman Fertitta for $116.6 million in 2012. In dismissing the case, the court held that the directors had shopped for the best possible price and the sale was approved by a board of disinterested directors.State AI Legislation Is on the Move in 2024
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