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Feeling Conflicted: The Importance of Disclosing Potential Conflicts, ...
2016-03-30 21:02:37| Jewelry - Topix.net
Shortly after the announcement of a merger between Zale Corporation and Signet Jewelers Limited on February 19, 2014, each of five plaintiffs filed a class action complaint to enjoin the Merger, which the Delaware Court of Chancery denied. Four months after consummation of the Merger, plaintiffs filed a consolidated second amended class action complaint seeking damages against the Zale directors for breaching their fiduciary duties of loyalty and care, and against Signet and Merrill Lynch, Pierce, Fenner & Smith , financial advisor to Zale's board of directors, for aiding and abetting the breaches of fiduciary duties.
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Category:Consumer Goods and Services