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Chancery Lets $500M Rocket Stock Sale Suit Move Ahead

By Leslie A. Pappas ( March 1, 2023, 9:56 PM EST) -- Shareholders of mortgage giant Rocket Companies Inc. who claim its board chair and controlling stockholder breached their fiduciary duties by liquidating $500 million worth of stock based on material nonpublic information may move forward with their Chancery Court derivative stockholder suit, Delaware's Chancellor said Wednesday....

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