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Del. Chancery Axes $450M ADT Stock Repurchase Suit

By Matt Chiappardi ( April 28, 2015, 8:49 PM EDT) -- A Delaware Chancery judge threw out a derivative case claiming ADT Corp. 's $450 million stock repurchase in 2013 was part of an alleged pump-and-dump scheme by hedge fund Corvex Management LP, ruling Tuesday that the suing shareholder should have brought the claims to the alarm company's board first. . . .

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