DOVER, Del. — A Delaware judge on Tuesday dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media giant.
In a 101-page opinion citing court rulings dating back more than 200 years, decades of law review articles and legal treatises, and even a Sherlock Holmes short story, Vice Chancellor J. Travis Laster rejected McRitchie’s claims. “The plaintiff has not made a persuasive case for change,” Laster wrote. “At most, he has shown that some academics — primarily from the law and economics school — have assumed that a diversified-investor model is the norm. He has also shown that some investor advocacy organizations would prefer that model.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaA Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company.
Source: ksatnews - 🏆 442. / 53 Read more »
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaDOVER, Del. (AP) — A Delaware judge on Tuesday granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of
Source: Mynorthwest - 🏆 438. / 53 Read more »
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaA Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company.
Source: wjxt4 - 🏆 246. / 63 Read more »
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaA Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company.
Source: AP - 🏆 728. / 51 Read more »
Tesla shareholder asks judge to keep company in DelawareThe Tesla shareholder who blocked CEO Elon Musk's massive pay package has asked a Delaware judge to bar the company from reincorporating in Texas.
Source: WashTimes - 🏆 235. / 63 Read more »