L3Harris Follows Crown Castle, Ends Investor Pact Case (Correct)

L3Harris Technologies Inc. has ended shareholder litigation over its cooperation agreement with activist DE Shaw & Co., borrowing from the playbook Crown Castle Inc. used to get a similar case taken off the fast track.

The aerospace and defense giant waived its pledge to support board nominees proposed by DE Shaw affiliates, a move that made the dispute moot, according to filings in Delaware’s Chancery Court. Vice Chancellor J. Travis Laster agreed to dismiss the lawsuit March 28, two weeks after expediting it.

The development will likely frustrate corporate lawyers seeking more answers after Laster struck down most of a ...