The method Delaware judges use to review shareholder approval in merger cases involving fiduciary breach claims needs no overhaul, Anaplan Inc.'s former senior leaders argued Wednesday before the state’s highest court.
Investors who lost their challenge to Anaplan’s $10 billion sale to Thoma Bravo LLC seek to rewrite a standard that was fully met here, Edward Micheletti of Skadden Arps, representing the software company’s former executives, told the Delaware Supreme Court’s full five-member panel.
Pentwater Capital Management LP affiliates and a pension fund appealed to the high court to reverse a June 2024 Delaware Chancery Court ruling that rejected claims ...
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