Centex Investor Drops Dispute Over Merger Suit Settlement

Law360, Dallas (November 30, 2012, 9:32 PM EST) -- The Texas Supreme Court on Friday granted a shareholder’s request to drop his appeal of a settlement reached in a class action seeking to block the $3 billion merger of Centex Corp. and Pulte Homes Inc., reinstating the trial court’s approval of the settlement.

Centex shareholder and class member Daniel Rocker had asked the court to hear arguments that trial and appeals courts had erred by approving the settlement agreement because it gave no benefit to shareholders and wasn’t in the best interests of the 45,000...
To view the full article, register now.