Court of Chancery of Delaware

Plaintiff-issuer's motion for the certification of a defendant class in a dispute over plaintiff's method for calculating the amount of stock that holders would receive upon conversion of certain convertible notes is granted over defendant's objection that its status as a hedge fund should relieve it of the obligation to serve as the representative of a defendant class.

Appellate Information

• Decided 04/27/2006
• Published 04/27/2006

Judges

Court

• Court of Chancery of Delaware

Counsel

• For Appellant:
  
• William M. Lafferty, Susan W. Waesco, Morris, Nichols, Arsht & Tunnell, Wilmington, DE, for Plaintiff.


• For Appellees:
  
• Raymond J. DiCamillo, Michael R. Robinson, Elizabeth C. Tucker, Richards, Layton & Finger, P.A., Wilmington, DE, Robin A. Henry, Motty Shulman, Brian Kohn, Boies, Schiller & Flexner, L.L.P., Armonk, NY, for Defendant.