Strine Rejects Quick Trial For Dell Plaintiffs

Law360, New York (June 21, 2013, 3:35 PM EDT) -- A Delaware judge has rejected a motion for a quick trial in litigation challenging the $24.4 billion buyout of Dell Inc., appearing sympathetic to the argument that buyers Michael Dell and Silver Lake have done everything right so far.

Chancellor Leo E. Strine, Jr. seemed skeptical of plaintiffs' claims that the deal, which is set to go before a shareholder vote July 18, includes protections that would hobble a competing bidder. Rather, he said, the company's board took steps to encourage a higher offer, and suggested...
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