In re Del Monte Foods Co. Shareholders Litig.

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February 14, 2011

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shareholder dissent/oppression
mergers and acquisitions (M&A), shareholder vote, barclays
In re Del Monte Foods Co. Shareholders Litig.
2011 Del. Ch. LEXIS 30
US
State Court
Delaware
Court of Chancery
N/A (plaintiffs); N/A (defendant)
Laster

Summary

Court temporarily enjoins stockholder vote on board-approved merger where discovery revealed that board’s financial advisor secretly manipulated sales process to obtain lucrative buy-side financing fees.
In re Del Monte Foods Co. S’holders Litig.,
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