Split 4th Circuit Grants Review Of Merger Deal Class Action Rulings, Reverses

Mealey's (July 3, 2019, 1:24 PM EDT) -- RICHMOND, Va. — A split Fourth Circuit U.S. Court of Appeals panel on June 28 granted a pair of appeals in investor lawsuits stemming from a merger agreement between utility companies, ruling that “relevant factors weigh heavily in favor of a prompt appellate review” of remand orders that were issued in both actions (Dominion Energy Inc., et al. v. Metzler Asset Management GmbH, et al., No. 18-2066, 4th Cir., 2019 U.S. App. LEXIS 19478)....