Cybersecurity Firm CEO Says Merger Suit Lacks Facts
Law360 (July 12, 2018, 10:44 PM EDT) -- An attorney for the CEO of cybersecurity technology firm Trustwave Holdings Inc. told a Delaware Chancery Court judge Thursday that a minority investor suit over the company's $810 million merger did not include facts that support their claim that the executive exerted control over the company to push through the deal.
During a hearing in Wilmington, S. Mark Hurd of Morris Nichols Arsht & Tunnell LLP told the court the allegations that CEO Robert McCullen breached his fiduciary duty of loyalty lodged in the potential class action should be dismissed because the suing shareholder did not plead adequate facts to show...
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