Shareholder Suit Over Cadbury-Kraft Deal Dismissed

Law360, New York (January 26, 2010, 6:23 PM EST) -- A federal judge has ruled that the United Kingdom would be a better place than New Jersey for a suit brought by Cadbury PLC shareholders against the candymaker's board in connection with a proposed sale to Kraft Foods Inc.

Judge Dennis Cavanaugh of the U.S. District Court for the District of New Jersey tossed the case Thursday, agreeing with the board that the balance of private and public interests favors a U.K. forum.

Many of the claims in the case, which consolidated two actions, have been...
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