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SWS Investors Lose Bid For Higher Stock Price Post-Sale

Law360 (February 23, 2018, 5:55 PM EST) -- Investors who sued to get 39 percent more for their stock after the 2015 sale of financial services firm SWS Group Inc. yet wound up getting 7.8 percent less after a Chancery Court appraisal got no help from Delaware’s Supreme Court Friday, which let stand the trimmed price of $6.38 per share.

The state’s justices let stand without elaboration Vice Chancellor Sam Glasscock III’s pruning of the original $6.92-per-share deal price to $6.38 in June 2017 after an earlier, four-day trial.

It was the latest investor case to be thrown for...
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