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State Courts -
Delaware - May 31, 2006
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UniSuper Ltd. v. News Corp., C.A.No. 1699-N,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, May 31, 2006, Decided , May 31, 2006, Filed
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Overview: In a class action suit involving a corporation's extension of a "poison pill," the court declined to approve a proposed settlement. It was overly broad in that the parties attempted to release claims arising from a plan to be adopted in the future and in that it purported to apply to "hidden or concealed" claims.
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