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Chancery Court Provides Lessons on Conflicts of Interest in a Sales...

2015-10-14 16:38:24| Jewelry - Topix.net

In an October 1st decision , the Delaware Chancery Court dismissed claims that Zale Corporation's directors breached their fiduciary duties in connection with Zale's agreement to merge with Signet. The Court, however, permitted a claim to proceed against Merrill Lynch, Zale's financial advisor, for aiding and abetting a breach of fiduciary duty by Zale's board of directors.

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