Court of Chancery of Delaware

Plaintiffs' application to preliminarily enjoin the closing of a tender offer based on deficiencies in disclosures is denied where the alleged omissions are not key assumptions that would be material to a reasonable investor.

Appellate Information

• Decided 09/20/2006
• Published 10/02/2006

Judges

Court

• Court of Chancery of Delaware

Counsel

• For Appellant:
  
• Joseph A. Rosenthal, Esquire, Jessica Zeldin, Esquire, Rosenthal, Monhait, & Goddess, P.A., Wilmington, Delaware;  Arthur N. Abbey, Esquire, Joshua N. Rubin, Esquire, Orin Kurtz, Esquire, Abbey Spanier Rodd Abrams & Paradis, LLP, New York, New York, Attorneys for the Plaintiffs.


• For Appellees:
  
• Robert S. Saunders, Esquire, Nicole A. DiSalvo, Esquire, Stephen J. Smulowitz, Esquire, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, Delaware;  Charles W. Schwartz, Esquire, Skadden, Arps, Slate, Meagher & Flom, LLP, Houston, Texas, Attorneys for Defendants Virbac S.A., Interlab S.A.S., Eric Marée, Pierre Pagès, and Michel Garaudet., Raymond J. DiCamillo, Esquire, Daniel M. Silver, Esquire, Richards, Layton & Finger, Wilmington, Delaware;  Michele E. Rose, Esquire, Laura N. Perkins, Esquire, Christopher S. Turner, Esquire, Latham & Watkins LLP, Reston, Virginia, Attorneys for Defendants Alec L. Poitevint, II, Jean N. Willk, and Richard W. Pickert., R. Judson Scaggs, Esquire, Kevin M. Coen, Esquire, Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware;  Ronald W. Breaux, Esquire, Haynes and Boone, LLP, Dallas, Texas, Attorneys for Defendant Virbac Corporation.