Home › Merrill Lynch must face class action for its role in Zale buyout
 

Keywords :   


Merrill Lynch must face class action for its role in Zale buyout

2015-10-02 00:26:36| Jewelry - Topix.net

Oct 1 Merrill Lynch must defend its role in the $690 million sale of the Zale Corp jewelry chain after a judge refused on Thursday to dismiss a shareholder class action that alleged the deal short-changed investors. The preliminary ruling by the Delaware Court of Chancery, a premiere venue for shareholder lawsuits, found Merrill Lynch could have aided the Zale board breach their duties to investors.

Tags: action class face role

Category:Consumer Goods and Services

Latest from this category

All news
27.11Interra adds Netflix VMAF video quality assessment support
27.11Brightcove to be acquired by Bending Spoons
27.11FOX, Disney capitalize on multiplatform TV footprint in October
27.11Tele Columbus TV households down 40% YoY in 3Q 2024
27.11'It's going to be hard': US firms race to get ahead of Trump tariffs
27.11Loyalty cards offer genuine savings, says watchdog
27.11Aston Martin issues second profit warning in two months
27.11Online slots gambling to be limited to 5 per spin
Consumer Goods and Services »
27.11 ( #1670 )
27.1117 AIR AGS 83M-S
27.11 XYZ 3
27.11XVSecret1
27.11NFT ADVANCE 3-370!
27.11 101
27.11
27.11 DESCENTE L
More »