Infogroup Shareholders Win Class Cert. In $463M Buyout Row

Law360, Wilmington (February 14, 2013, 9:54 PM EST) -- A Delaware Chancery judge on Wednesday certified a class of Infogroup Inc. investors who allege the company's $463 million buyout by a private equity firm was a fire sale, overruling objections from directors that the shareholders were inadequate class representatives with atypical claims.

Vice Chancellor John W. Noble determined previously that the New Jersey Carpenters Pension Fund and Ronald E. Kistner met most of the court's requirements for certification, yet had reserved final judgment after the Infogroup directors cast doubt on their dedication to the case...
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