Heckmann Investors Win Round In $400M Merger Challenge

Law360, New York (June 6, 2013, 4:33 PM EDT) -- A Delaware magistrate judge said Thursday that a class of shareholders in a company known until recently as Heckmann Corp. should be certified in a suit challenging its more than $400 million merger with China Water and Drinks Inc., finding that it met certification requirements and that debate over its claims was best left for trial.

U.S. Magistrate Judge Mary Pat Thynge said the parties should wait until trial to make arguments over whether the company's stock prices plummeted after it revealed that China Water lacked internal controls...
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