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Court Of Chancery Explains Limits Of Revlon

Posted In M&A

In re Morton's Restaurant Group Inc. Shareholder Litigation, C.A. 7122-CS (July 23, 2013)

This decision is another example of the increasing scrutiny of complaints attacking mergers without an adequate factual basis.  At the outset of the decision, the Court gives an extensive justification for going beyond the mere confines of the allegations of the complaint to review SEC filings and other materials touched on in the complaint.  From those documents, the court is able to conclude the Revlon claim has no merit.

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