Chancery Rejects Toss Of Suit Over Baker Hughes-GE Deals

By Rose Krebs (October 8, 2019, 9:44 PM EDT) -- The Delaware chancellor on Tuesday refused to toss a consolidated derivative suit filed by Baker Hughes Inc. investors accusing controlling stockholder General Electric Co. of using its influence over the oil field services company's board to pursue self-interested transactions to funnel cash to itself amid a liquidity crisis....

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