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Shareholder unable to expand class of defendants potentially liable for breaches of fiduciary duty in merger litigation

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 5 2009

In a recent opinion, the Circuit Court of Cook County rejected a shareholder’s attempt to expand the class of defendants who potentially could be liable for alleged breaches of fiduciary duty arising out of the advice provided to a board of directors contemplating a proposed merger