Novell Can't Appeal Bad Faith Claim Over $2.2B Deal

Law360, Wilmington (February 4, 2013, 8:12 PM EST) -- A Delaware Chancery judge denied an appeal request by Novell Inc. directors Monday, finding his decision to let a claim proceed in the putative class action challenging the company's $2.2 billion sale was not subject to high-court review since it established no legal right.

Vice Chancellor John W. Noble refused the directors' application for an appeal to the Delaware Supreme Court, rejecting the argument that his decision to slash all but one claim from the shareholder suit had deprived the board of its proper protection under...
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