Welcome

Papa Murphy’s Closer to Quick Appeal in Investors’ Merger Suit

June 10, 2021, 4:06 PM

Papa Murphy’s Holdings Inc. should get an early trip to the Ninth Circuit to figure out whether its investors have a private right to bring certain merger-related claims, a federal magistrate judge in Washington state recommended.

The take-and-bake pizza chain has shown that an interlocutory appeal is necessary to figure out whether there’s a private right of action for claims under a section of federal securities law dealing with tender offers, a magistrate judge with the U.S. District Court for the Western District of Washington said.

The court in April adopted Magistrate Judge J. Richard Creatura’s earlier recommendation to ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.