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Home / Opinion Digests / Business Law / Discovery Ordered in Proposed Merger Challenge (access required)

Discovery Ordered in Proposed Merger Challenge (access required)

In plaintiff shareholder’s suit alleging defendants violated federal securities law by providing false, misleading and incomplete information in a proxy statement, and given the imminent shareholder vote on a proposed merger, the Richmond U.S. District Court will lift the discovery stay under the Private Securities Litigation Reform Act. The PSLRA provides that discovery in federal securities ...

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