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Straight Path Merger Suit Can Proceed Directly In Chancery

By Vince Sullivan ( June 25, 2018, 10:58 PM EDT) -- Shareholders of Straight Path Communications Inc. will be able to proceed with their claims against its controlling stockholder and other company insiders after a Delaware Chancery Court judge ruled Monday that the minority shareholders successfully argued the controller stockholder's action in a $3 billion sale to Verizon harmed them directly. ...

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