Court of Chancery of Delaware

Awards of actual and nominal damges are rendered in favor of plaintiffs on claims brought by minority shareholders challenging certain transactions before a biotechnology company's merger and the process by which the merger proceeds were divided up. Claims: 1) against a trustee; 2) relating to voting power dilution; 3) challenging issuance of certain shares; and 4) concerning disclosure; are dismissed.

Appellate Information

• Decided 04/14/2006
• Published 04/28/2006

Judges

Court

• Court of Chancery of Delaware

Counsel