Subscribe- Plaintiff
- Activision Blizzard
- Represented By:
- Savitt, William (Wachtell, Lipton, Rosen & Katz)
- Defense
- Hayes, Douglas
- Represented By:
- Hanrahan, Michael (Prickett, Jones & Elliott, P.A. (Wilmington))
Summary
In this oral argument, attorneys representing Activision Blizzard argued against the decision by Delaware court of chancery, which halted the $8.2 billion deal between the plaintiff Activision Blizzard Inc and French company Vivendi SA. In the lawsuit filed by Activision Blizzard Inc investor Douglas Hayes, Mr. Hayes had sued the company for the breach of trust the company committed by not putting the deal to a stockholder vote.
Outcome
Chancery court ruling must be reversed.
- Plaintiff
- Defense
- Jurisdiction
- Delaware Supreme Court
- Court
- Delaware Supreme Court
- Case Number
- 497, 2013
- Industry
- Media, Entertainment
- Practice Area
- Mergers and Acquisitions, Commercial Law, Business Organizations
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Oral Arguments
6 Chapters
PM Session
Judge Motion Ruling
2 Chapters
Recording Disclaimer: This proceeding was recorded in full.