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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
- Chancery Finds Plaintiff Failed To State A Non-Exculpated Claim Against Special Committee Defendants In Complaint Challenging A Merger
- Chancery Finds Stockholder Conferred a Substantial Corporate Benefit by Challenging the Joint Vote of Two Classes of Common Stock under Section 242(b)(2) of the DGCL
- Court of Chancery Awards Plaintiffs Attorneys’ Fees and Costs in Section 225 Action for Obtaining a Substantial Benefit for the Corporation and its Stockholders
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District Court Explains Pleading Rules For Securities Litigation
By Morris James LLP on March 20, 2014
Posted In Securities
In re Wilmington Trust Securities Litigation, Master Civ. No. 10-990-SLR (March 20, 2014)
What must be pled to state a claim under the federal securities acts is often a difficult question. For example, what facts sufficiently allege scienter to state a claim under the heightened rules governing such complaints? This decision explains the applicable pleading rules very clearly.
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