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Delaware Court Holds Interested Directors Liable for 'Fairer Price' In Going Private Transaction

2015-09-10 00:57:57| Food - Topix.net

In one of the largest ever M&A-related recoveries for shareholders, Vice Chancellor J. Travis Laster ordered Dole Food Company, Inc.'s Chairman and CEO, David Murdock, and Dole's former President, COO and General Counsel, C. Michael Carter, to pay $148 million to class members for breaching their fiduciary duties in connection with a leveraged buyout. In re Dole Food Co., Inc. Stockholder Litig.

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