M & A Law Prof Blog

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Boston College Law School

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Wednesday, April 9, 2008

Parsons Stays Bear DE Action

No surprise:  Download memorandum_opinion1.pdf.  The penultimate line says it all: 

In this case, considering that the New York court has scheduled an expedited preliminary injunction hearing, the issues presented involve application of established precedents of Delaware corporate law to an unusual set of facts, which is unlikely to recur, and the persuasive practical reasons against embarking unnecessarily on a collision course with our sister court in New York in these extraordinary circumstances, I find Defendants have shown that failing to stay this action would result in overwhelming hardship.

http://lawprofessors.typepad.com/mergers/2008/04/parsons-stays-b.html

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» Bear Stears Delaware Litigation Stayed by Chancery Court from Delaware Corporate and Commercial Litigation Blog
In Re The Bear Stearns Company, Inc. Shareholder Litigation, (Del. Ch., April 9, 2008), read opinion here, (Hat Tip to Prof. Steve Davidoff). Yesterday the Delaware Chancery Court stayed the litigation in Delaware over the Bear Stearns imbroglio in fav... [Read More]

Tracked on Apr 10, 2008 6:33:46 AM

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