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Tag: liable
Delaware Court Holds Interested Directors Liable for 'Fairer Price' In Going Private Transaction
2015-09-09 19:34:10| Beverages - Topix.net
In one of the largest ever M&A-related recoveries for shareholders, Vice Chancellor J. Travis Laster ordered Dole Food Company, Inc.'s Chairman and CEO, David Murdock, and Dole's former President, COO and General Counsel, C. Michael Carter, to pay $148 million to class members for breaching their fiduciary duties in connection with a leveraged buyout. In re Dole Food Co., Inc. Stockholder Litig.
Tags: price
private
interested
court
Delaware Court Holds Interested Directors Liable for 'Fairer Price' In Going Private Transaction
2015-09-09 15:47:22| Agriculture - Topix.net
In one of the largest ever M&A-related recoveries for shareholders, Vice Chancellor J. Travis Laster ordered Dole Food Company, Inc.'s Chairman and CEO, David Murdock, and Dole's former President, COO and General Counsel, C. Michael Carter, to pay $148 million to class members for breaching their fiduciary duties in connection with a leveraged buyout. In re Dole Food Co., Inc. Stockholder Litig.
Tags: price
private
interested
court
PPG liable for violations at longtime dump site
2015-09-03 06:47:43| Chemicals - Topix.net
A federal judge has ruled that PPG Industries Inc. is liable under state and federal environmental laws for polluted runoff from its old glass manufacturing waste dump site that has for decades polluted the Allegheny River near Ford City in Armstrong County. The decision filed Monday by U.S. Magistrate Judge Robert Mitchell in the 2012 case brought by PennEnvironment and the Sierra Club said PPG's glass dump waste water discharges into Glade Run and the Allegheny River violate the state's Clean Streams Law, the federal Clean Water Act and the federal Resource Conservation and Recovery Act.
Tags: site
liable
violations
dump
Client Alert: Court Finds Dole Food Company Directors Liable; Awards $148M in Damages
2015-09-01 11:23:43| Agriculture - Topix.net
In re Dole Food Company, Inc. Stockholder Litigation , Consolidated C.A. No. 8703-VCL In re Appraisal of Dole Food Company, Inc. , Consolidated C.A. No.
Tags: company
food
court
client
M&A Update: Delaware Court Finds Dole Executives Personally Liable...
2015-08-31 14:24:25| Food - Topix.net
In its August 27th post-trial opinion, In re Dole Food Co., Inc. Stockholder Litigation, the Delaware Chancery Court held Dole executives David Murdock and Michael Carter personally liable for $148 million in damages for undermining and interfering with the special committee's efforts to obtain a fair price for Dole's minority stockholders following Murdock's decision to take the Company private in 2013. The decision emphasizes that transactions with a controlling stockholder that employ the dual procedural protections of independent director and "majority of the minority" approval must actually adhere to the substance and purpose of those protections.
Tags: update
court
delaware
finds
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