Court Of Chancery Dismisses Merger Case
Dent v. Ramtron International Corporation, C.A. 7950-VCP (June 30, 2014)
There is a general sense that it is hard to have the Court of Chancery grant a motion to dismiss litigation attacking a proposed merger. While that may be true when the merger involves insiders, this decision demonstrates that an arms length transaction subject to typical deal protection provisions is not easily attacked absent some hard facts supporting the claim. Without those well-pleaded facts, the Court will dismiss the suit.