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Chancery Issues Preliminary Injunction to Enjoin Transaction Due to Lack of Adequate Disclosure in Proxy Statement

Maric Capital Master Fund, Ltd. v. PLATO Learning, Inc., C.A. No. 5402-VCS (Del. Ch. May 13, 2010), read opinion here . Issue Addressed Whether a proposed merger should be enjoined due to the breach of the disclosure duty in connection with the proxy statement. Holding Although the Court...