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Court Of Chancery Explains Class Representative Qualifications

Posted In Class Actions

New Jersey Carpenters Pension Fund v. infoGROUP, Inc., C.A. 5334-VCN (February 13, 2013)

This decision is a good review of the qualifications needed to serve as a class representative. Particularly noteworthy is its holding that merely voting in favor of the merger under attack is not an automatic disqualification.  So too, the sale of the stock prior to the merger is not grounds for disqualifying a proposed class representative.