In Re CNX Gas Corp. Shareholders Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that “[e]conomic incentives matter, particularly for the effectiveness of a legitimizing mechanism like a . . . stockholder vote”
• explaining that “[e]conomic incentives matter, particularly for the effectiveness of a legitimizing mechanism like a . . . stockholder vote”
• finding that an institutional investor “ha[d] materially different incentives than a holder of CNX Gas common stock” because it was “fully hedged” against the pending transaction and “indifferent to the allocation of value between [the buyer] and CNX Gas”
• denying injunction where “[n]o question has been raised, much less evidence presented, to cast doubt on CONSOL’s solvency or ability to satisfy a damages award”
• denying injunction where “[n]o question has been raised, much less evidence presented, to cast doubt on CONSOL’s solvency or ability to satisfy a damages award”
• declining to follow Siliconix and applying entire fairness to a freeze out tender offer unless the tender offer was “(i) negotiated and recommended by a special committee of independent directors and (ii

Source: CourtListener parenthetical corpus (CC0).