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Chancery Mulls Call To Toss $7B Focus Financial Merger Suit

By Jeff Montgomery ( October 23, 2024, 7:53 PM EDT) -- An attorney for private equity firm Stone Point Capital told Delaware's chancellor Wednesday that there was no control group formed before the $7 billion August 2023 go-private merger between Focus Financial Partners Inc. and Clayton Dubilier & Rice LLC, and that a ruling otherwise would "lower the bar" for control allegations....

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