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Renesas Sued In Chancery Over $315M Merger Payments

By Donald Morrison (March 7, 2024, 6:12 PM EST) -- A representative for shareholders of an Israel-based software company have hit Renesas Electronics Corp. with a contract suit in Delaware Chancery Court accusing the Japanese semiconductor maker of failing to pay "earnout" milestones after it merged with the software company in December 2021....

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