In Re the Mony Group Inc. Shareholder Litigation

How courts have described this case

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

• holding that a termination fee representing 3.3% of the total equity value and 2.4% of the total transaction value was “well within the range of reasonableness”
• noting that a proxy statement should be read fully when determining whether a proxy statement is misleading
• noting that “it is clear that only the Court of Chancery has the equitable power to pierce the corporate veil.”
• requiring supplemental disclosures to inform stockholders of material information in a breach of fiduciary duty case
• finding the nondisclosure of the investment bank’s alternative grouping of companies in its comparative analysis that it included in the appendix of its report to the board trivial as the summary presented in the proxy was fair
• enjoining a transaction until “necessary supplemental disclosure” is made and noting that because the remedy “can be accomplished quickly, there is no basis to believe that an injunction will result in any harm to . . . the defendants”

Source: CourtListener parenthetical corpus (CC0).