Subscribe- Defense
- TD Banknorth, Inc
- Represented By:
- Hanrahan, Michael (Prickett, Jones & Elliott, P.A. (Wilmington))
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 companys 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 didnt 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."
- Plaintiff
- Defense
- Judge
- Stephen Lamb
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 2557
- Industry
- Finance
- Practice Area
- Securities, Business Organizations
- Expert Witnesses
- Lay Witnesses
Sessions
PM Session
Other
2 Chapters
| Description | Attorney | Witness | Presence | |||
|---|---|---|---|---|---|---|
 | 00:00:00 | General Case Activities | Hanrahan, Michael | |||
| 00:15:47 | End of Session |
AM Session
Not in Session
0 Chapters