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Shareholders sue Novell Board

dgharmon (2564621) writes | about a year and a half ago

0

dgharmon (2564621) writes "If you thought the deal smelled funny back in 2011 when Novell sold itself to Attachmate and its patents to a Microsoft consortium, you are not alone. Some shareholders .. sued ..

Specifically, they claim that Novell favored Attachmate over other bidders, especially a "Party C", and the judge, under Delaware's reasonable ‘conceivability’ standard, denied summary judment with respect to the board and decided there will need to be a trial ..."

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