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Verition Partners Master Fund, Ltd. et al v. Cornell et al
Case Number:
1:19-cv-00377
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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June 03, 2020
Malpractice Claim Tossed From $30M AOL-Verizon Merger Suit
A Delaware federal judge on Wednesday rejected a bid to consider a potentially precedential negligence claim lodged in a $30 million suit by two hedge funds asserting that their expert's undisclosed "grudge" undermined their bid for a better AOL share price after a $4.4 billion merger with Verizon.
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May 11, 2020
Suit Over AOL-Verizon Deal Expert's 'Grudge' Survives In Del.
A Delaware federal judge said Monday that he would preserve four counts in a $30 million suit by two hedge funds claiming their expert's undisclosed "grudge" undermined their bid for a better AOL share price after a $4.4 billion merger with Verizon in 2015.