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Chancery Tosses Tardy Investor Suit Over Undervalued Biz

By Jeff Montgomery ( May 29, 2020, 10:00 PM EDT) -- A private equity investor that sat out an appraisal suit challenging a tech company's 2013 cash-out merger price, only to see the Delaware Chancery Court set a price 2.6-times higher for those who did, waited too long to sue the company's controllers afterward, a Delaware vice chancellor ruled Friday....

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