Investor's Challenge Of $5M KKR Stock Buy Fails In Chancery
By Katryna Perera ( September 1, 2023, 9:33 PM EDT) -- A Delaware vice chancellor said a stockholder of semiconductor manufacturer Transphorm Inc. improperly brought a derivative suit over a $5 million stock purchase by an affiliate of private equity giant KKR without first demanding company action or showing that such a demand would be futile, granting a dismissal motion from several defendants....
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