Vice Chancellor Mostly Denies Dismissal In Suit Over Asset Dissipation

Mealey's (January 30, 2024, 12:29 PM EST) -- WILMINGTON, Del. — Ruling on four long-pending motions in a suit over a complex asset-swap transaction that the plaintiffs argue resulted in the “dissipation of at least $250 million,” a Delaware vice chancellor granted dismissal only as to a claim of fraudulent trading under Cayman Islands law....

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