January 08, 2019
The U.S. Supreme Court's decision to hear a proposed class action brought by Emulex Corp. shareholders who claim they were misled about a tender offer for the company presents an opportunity for the court to stanch a flood of class actions in federal court challenging such mergers, experts say.
January 04, 2019
The U.S. Supreme Court agreed Friday to hear Emulex Corp.'s challenge to a Ninth Circuit finding that investors must show the company was merely being negligent rather than intentionally engaging in wrongdoing when it allegedly misled shareholders about a merger offer.