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Court Of Chancery Enforces Stockholder Representative Agreement

By Morris James LLP on September 20, 2010
Posted In M&A

Aveta Inc. v. Bengoa, C.A. 5074-VCL (September 20, 2010)

In this continuation of a long saga, the Court held that when a stockholder representative is designated to act for the stockholders in calculating a post merger adjustment, then the stockholders are stuck with what their representative does.  Big surprise.

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