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Chancery Suit Over Hacked Payout In $130M Merger To Go On

By Leslie A. Pappas ( April 1, 2022, 9:02 PM EDT) -- Shareholders of an education company who sued in Delaware Chancery Court for a payout they never received from a $130 million merger because hackers stole it may proceed with their lawsuit against the merger target and its buyer, but the payment agent is off the hook, a vice chancellor ruled....

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