The Delaware Court of Chancery was asked last week to approve a $6.85 million settlement in case brought by a class of public stockholders challenging a corporate restructuring alleged to have favored insiders at the expense of the class.
According to this Law360 article, PennyMac Financial Services, Inc. had been set up as an
As reported in today’s Law360 [$$], the Delaware Chancery Court chose lead counsel and consolidated several petitions in the Stillwater Mining appraisal case. As reported in the article, Vice Chancellor Laster stated during yesterday’s hearing that “he would clarify rules for keeping non-lead attorneys in the loop on key documents and proposals,” and that his