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March 11, 2013 |

Poison Pill Not Preclusive in $123 Mil. BioClinica Merger

The Delaware Court of Chancery has denied a motion by shareholders of Pennsylvania-based BioClinica Inc. to expedite their lawsuit against the company, holding that the company did not adopt preclusive deal protection measures when it agreed to a $123 million buyout from JLL Partners Inc.
4 minute read
April 21, 2011 |

New Deals

Container and packaging company Silgan Holdings Inc. announced it will acquire Graham Packaging Company Inc. in a deal valued at $4.1 billion, including net debt. Also, Chesapeake Energy Corporation has agreed to purchase Bronco Drilling Company in a $315 million deal that will add 22 drilling rigs to the company's portfolio.
4 minute read
August 04, 2010 |

Great Recession Leaves Its Mark on Del. Legal Market

A recent survey of law firms found that more than 75 percent believe that pricing pressure, alternative fee arrangements and efficiency measures will remain part of the legal business even after the Great Recession has faded to a painful memory.
6 minute read
August 28, 2013 |

Mitigating Financial Adviser Conflicts With Second Adviser

Financial adviser conflicts, whether arising from prior relationships or from the financial adviser's interest in providing buy-side financing, have been a focus in M&A litigation for several years.
6 minute read
August 21, 2013 |

Strine Orders Dell to Hold October Shareholder Meeting

Delaware Court of Chancery Chancellor Leo E. Strine Jr. has ordered computer maker Dell Inc. to hold its annual shareholder meeting October 17.
5 minute read
May 24, 2001 |

Reed Smith Hires Former Senator Roth

In a hiring coup for Pittsburgh-based Reed Smith, former U.S. Sen. William V. Roth Jr. will join the firm and expects to tap into the contacts he amassed in taxes, trade, financial services and foreign policy in more than three decades representing the state of Delaware in Congress. Roth, who lost his re-election bid last November, will work in Reed Smith's Wilmington and Washington, D.C., offices.
3 minute read
March 06, 2013 |

Poison Pill Not Preclusive in $123 Mil. BioClinica Merger, Chancery Court Rules

The Delaware Court of Chancery has denied a motion by shareholders of BioClinica Inc. to expedite their lawsuit against the company, holding that the company did not adopt preclusive deal protection measures when it agreed to a $123 million buyout from JLL Partners Inc. The court's decision means that any trial will not likely start until after the merger's expected completion date of March 11.
4 minute read
November 17, 1999 |

Shareholder Suit

Hotelier Wyndham International Inc. won a Delaware judge's approval for a settlement of a shareholders' lawsuit that allows investors to buy $300 million in preferred shares as part of a $1 billion stock sale. Vice Chancellor Jack Jacobs said he "had no doubt" that Wyndham's settlement with shareholders and the $1.12 million in legal fees and expenses sought by stockholders' lawyers was fair and should be approved. Wyndham and the other companies in the case have agreed to pay the legal fees.
3 minute read
November 10, 1999 |

Circon Shareholder Settlement Including $800,000 in Legal Fees Approved

Circon Corp., a medical device maker, won approval for a settlement of lawsuits brought by shareholders who claimed company executives looked out for their own best interests in fighting off a $235 million takeover bid by U.S. Surgical Corp. In the settlement, Circon agreed to open itself up for bidders after fending off U.S. Surgical and pay $800,000 in legal fees shareholders racked up in suits against the company.
2 minute read

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