$9.3B Oracle-NetSuite Merger Row Survives Dismissal Bid

Law360 (March 19, 2018, 8:43 PM EDT) -- A Delaware Chancery judge refused on Monday to toss stockholders' challenge to Oracle Corp.'s $9.3 billion acquisition of NetSuite Inc., finding there are enough potential conflicts between Oracle's directors and its founder Larry Ellison, who also controls NetSuite, that the investors didn’t have to take their legal challenge to the board before suing.

In a 65-page order, Vice Chancellor Sam Glasscock III found that at least half of Oracle’s 12 directors face a “substantial likelihood of liability” for the conduct described in the derivative lawsuit, which...
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