Delaware Supreme Court Revives Investor Derivative Suit Against Tech Company

(May 3, 2024, 1:46 PM EDT) -- WILMINGTON, Del. — The Delaware Supreme Court reversed a decision from the Delaware Court of Chancery dismissing a derivative shareholder putative class complaint brought by investors against a technology company and certain of its executives challenging the acquisition of the company by a private equity firm, finding that the Court of Chancery erred in holding that minority stockholders were adequately informed about the merger....