Chancery Greenlights Claims Over Activision's $8B Buyback

Law360, Wilmington (June 6, 2014, 8:20 PM EDT) -- A Delaware Chancery judge on Friday would not toss most investor claims against Activision Blizzard Inc.'s leadership over the $8.2 billion buyback of shares from majority stakeholder Vivendi SA, ruling that there were too many components that required further factual development to dismiss the case at the pleading stage.

At a hearing in Wilmington, Vice Chancellor J. Travis Laster said it was not clear to him based on the pleadings and arguments so far whether there in fact was a better deal available than the transaction...
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