Data Domain Shareholders Challenge NetApp Deal

Law360, New York (June 29, 2009, 12:00 AM EDT) -- Shareholders of Data Domain Inc. are a step closer to doing away with the board of directors’ merger agreement with NetApp Inc., which they say thwarts a rival bid from EMC Corp. and fails to get top dollar for the storage system provider.

On Friday, Judge William B. Chandler III of the Court of Chancery of the State of Delaware granted Data Domain shareholders an expedited hearing to consider claims that the NetApp agreement binds Data Domain to unfavorable terms and deters EMC from effectively competing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.