Chamber Backs Allergan's Appeal Of Controversial Decision

Law360, Wilmington (August 24, 2012, 8:25 PM EDT) -- The U.S. Chamber of Commerce on Wednesday voiced its support for Allergan Inc.'s appeal of a Delaware judge's decision to keep derivative claims against the company's board intact despite a federal court's ruling otherwise in a parallel case, saying the controversial decision will exacerbate the very problem it seeks to fix.

In an amicus curiae brief filed with the Delaware Supreme Court, the Chamber said Vice Chancellor J. Travis Laster’s decision, though “well-intentioned,” would harm the business community by opening the floodgates to costly and inefficient...
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