Shareholder Claims to Proceed in $171 Mil. Occam Merger

, Delaware Business Court Insider

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Shareholders of a broadband service provider can proceed with their lawsuit over the company's $171 million merger with a rival, the Delaware Court of Chancery has ruled. Although the defendants had asked the court to issue a summary judgment that they did not breach their fiduciary duties, Vice Chancellor J. Travis Laster held that some of the defendants' decisions may have fallen outside the range of reasonableness.

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