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Petco, Shareholders Battle In Chancery Over Controller Clout

By Jeff Montgomery (September 23, 2024, 8:50 PM EDT) -- Attorneys for Petco Health & Wellness Co. Inc. face an "uphill battle" in branding as "wrongly decided" a landmark Court of Chancery ruling earlier this year that struck down an agreement giving a company's controlling stockholder board-trumping power, Delaware's chancellor cautioned on Monday....

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