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Delaware Chancery Allows Buyer Aiding and Abetting and Other Fiduciary Breach Claims to Proceed
April 16, 2012
In an opinion that touches on a number of important issues related to acquisitions of public companies, the Court of Chancery in In re Answers Corp. Shareholders Litigation, Consol. C.A. No. 6170-VCN (Del. Ch. Apr. 11, 2012), denied motions to dismiss claims against a target's board of directors and the private equity acquiror of the target.