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Posts tagged "Merger share price expedited discovery shareholder class action"

R.I. Superior Court Allows Expedited Discovery On Shareholders' Claims Respecting Proposed Merger

The Rhode Island Superior Court has held it will allow a putative class of shareholders to conduct "limited and targeted" expedited discovery in advance of a shareholders' meeting to vote on the proposed acquisition of the defendant corporation's stock by another company. The Court relied on Delaware law in rendering its decision.