In Re: TD Banknorth

CONCLUDED

Hearing
06/25/09 – 06/25/09

Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2
Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

Settlement hearing.

Via Bloomberg News: " April 21 (Bloomberg) -- TD Banknorth Inc. agreed to pay $50 million to settle for the second time a class-action lawsuit brought by former investors challenging the fairness of the company’s buyout by Toronto-Dominion Bank.

TD Banknorth shareholders sued in Delaware Chancery Court in Wilmington in 2006, contending the $3.2 billion offer for 41 percent of the stock that Toronto-Dominion didn’t already own was too low. Judge Stephen Lamb in 2007 rejected as insufficient a lawsuit settlement that gave stockholders about $3 million and lawyers more than $1 million in legal fees."

Sessions

AM Session
Not in Session
0 Chapters
PM Session
Other
2 Chapters
JUN
25

Suggest a Trial

Want to see a trial that you don't see in our list of upcoming trials?

Suggest a Case

CVN Essentials

The most important and informative moments of each trial

CVN Essentials

Video Library

Unlimited access to thousands of hours of past coverage of high stakes civil litigation

Video Library

  • Follow Us
  • Contact Us
  • 3901 Roswell Road
  • Suite 302
  • Marietta, GA 30062
  • 877-838-9067

Copyright 2020 Courtroom Connect.