Value of CEO Noncompete Helps Court Determine Fairness of Class-Action Settlement

Business Valuation UpdateVol. 12 No. 6
Legal and Court Case Update
June 2006
5995 Optical Goods Stores
446130 Optical Goods Stores
breach of fiduciary duty

In Re Luxottica Group, S.P.A. Securities Litigation
2006 U.S. Dist. LEXIS 6133
February 17, 2006
US
Federal Court
New York
United States District Court
Anthony DiSarro, Bruce E. Fader, David Lloyd Wales, David M. Lederkramer, Eric M. Nelson, Gregg M. Mashberg, Joseph A. DiBenedetto, Matthew J. Morris, Matthew M. Guiney, Michael D. Torpey, Michael Joseph Friedman, Philip M. Smith, Stefanie S. Kraus, Will
J. Mark Penny (plaintiff shareholders)<br>John C. Coffee Jr. and Paul A. Gompers (defendants)
Weinstein

Summary

Court considers value of CEO noncompete to determine fairness of class-action settlement.

See Also

In Re Luxottica Group, S.P.A. Securities Litigation

Court considers value of CEO non-compete to determine fairness of class-action settlement.