Chancery Orders $12M Steel Connect Settlement Reworked

By Jeff Montgomery (August 18, 2022, 8:43 PM EDT) -- In a rare "go back and try again" order, a Delaware vice chancellor on Thursday ordered reworking or more justifications for a proposed $12 million settlement of stockholder derivative suit challenges to an insider-tilted, $476 million acquisition of IWCO Direct by Steel Connect Inc. in 2017....

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