Mealey's (May 24, 2021, 1:50 PM EDT) -- PHILADELPHIA — A federal district court in Delaware did not err in dismissing shareholder claims in a securities class action alleging that online photography and image sharing company Shutterfly Inc. and its former board of directors issued a false and misleading proxy statement as part of a merger deal in order to facilitate the company’s sale because the proxy statement was accurate and not misleading, a Third Circuit U.S. Court of Appeals panel ruled May 21 in affirming....