A pension fund will argue this week for reversal of a Delaware Chancery Court finding that Oracle Corp.'s 2016 acquisition of NetSuite Inc. was negotiated at arm’s length.
More highlights from the Delaware Supreme Court and Chancery Court calendars:
Wednesday: In re Oracle Corp. Derivative Litig., Del., No. 139,2024, oral arguments 10/23/24.
At issue: The fund argues in a brief that Vice Chancellor Sam Glasscock III erred in allowing a board committee to withhold interview memos, in weighing whether Oracle founder Larry Ellison exercised control over the company and the merger, and in analyzing Ellison’s plan for operating NetSuite ...
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