Momentive Shareholders Battle In Del. Over $19M Settlement
By Leslie A. Pappas ( February 23, 2024, 8:41 PM EST) -- Hedge funds with shares of Momentive Performance Materials Inc. that withdrew from a consolidated class lawsuit over the silicone maker's $3.1 billion sale in 2019 urged Delaware's Court of Chancery on Friday to carve them out of a proposed $19 million class settlement, accusing their former co-lead counsel of grabbing their "cake."...
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