Pension's Suit Over Activision Merger Tossed Again

Law360, New York (July 27, 2009, 4:19 PM EDT) -- A Delaware judge has ruled that a corporate board of directors does not breach of its fiduciary duty to shareholders by not reaching a perfect merger, dismissing a Michigan pension fund's challenge to the tie-up of video game makers Activision and Vivendi Games Inc. for a second time.

Chancellor William B. Chandler III of the Delaware Court of Chancery on Friday found that the Wayne County Employees' Retirement System failed to show how Activision's board of directors breached its fiduciary duty and duty of loyalty to...
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