Bug Music CEO Fails To Block $300M BMG Merger

Law360, New York (October 4, 2011, 7:35 PM EDT) -- A Delaware court refused Friday to grant a temporary restraining order that would have blocked the $300 million sale of Bug Music Inc. to BMG Rights Management LLC in a lawsuit by Bug Music's CEO against the company's private equity owners.

Bug Music CEO John Rudolph had sued his company's owners in Delaware Chancery Court on Sept. 29, a day before the transaction was scheduled to close and 18 days after Rudolph voted with other Bug Music directors to approve the BMG merger, the private equity...
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