Rejecting stockholder claims of misstated or omitted deal terms, a Delaware vice chancellor dismissed a suit accusing managers of software-as-a-service venture Zendesk of taking the company private at a $10.2 billion price far below earlier offers. https://t.co/v540PJEsYN https://t.co/K4kWf7uY3a
Landgericht weist Aktionärs-Klage ab – Porsche-Einstieg besiegelt https://t.co/XcddlOmqsV https://t.co/HgvWRzHAuz
The Delaware Supreme Court repeatedly asked attorneys what Anaplan's officers needed to tell shareholders before they voted on the company's $10.4 billion sale to private equity firm Thoma Bravo. https://t.co/6JfUm2kHsR


Oracle has secured a victory in the Delaware Supreme Court, which upheld a judgment favoring its executives in a derivative litigation related to the company's acquisition of NetSuite. The court's decision reinforces the finding of the Delaware Court of Chancery that the controller sale of the company did not harm minority interests. This ruling comes amidst ongoing scrutiny of corporate governance and shareholder rights in high-profile mergers and acquisitions. Additionally, the Delaware Supreme Court has been examining the obligations of Anaplan's officers regarding disclosures to shareholders prior to their vote on the company's $10.4 billion sale to Thoma Bravo. In a separate case, a Delaware vice chancellor dismissed claims against Zendesk's management, who were accused of undervaluing the company in a $10.2 billion deal to take it private.