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Chancery Rejects Forte-Camac Deal As 'Not Fair' To Class

By Leslie A. Pappas ( July 30, 2024, 7:18 PM EDT) -- A Delaware Chancery Court judge on Tuesday rejected a settlement between Forte Biosciences Inc. and Camac Partners LLC that would have ended the activist investor's class action over Forte's alleged board entrenchment, finding that the proposed deal gave Camac "unique and personal benefits" that weren't shared with the rest of the class....

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