Law360, New York (July 24, 2009) -- A settlement in a shareholder derivative suit on behalf of MBNA Corp. will provide the company with $7 million to put toward a $25 million deal it reached last month to resolve a related securities class action.
The derivative plaintiffs asked the U.S. District Court for the District of Delaware on Thursday to preliminary approve the deal, which will provide $7 million in insurance proceeds to MBNA...
