Subscribe- Defense
- Citigroup Global Markets Inc.
- Represented By:
- Welch, Edward (Skadden, Arps, Slate, Meagher & Flom LLP)
- Defense
- Student Loan Corporation
- Represented By:
- Nachbar , Kenneth (Morris, Nichols, Arsht & Tunnell, LLP)
Summary
In this Finance Mergers and Acquisitions litigation hearing, plaintiff shareholder Alan Kahn sought to enjoin the acquisition of Student Loan Corporation by Discover Financial Services. The plaintiff alleged Citigroups sale of Student Loan Corporation for $600 million wasnt fair for the minority shareholders as the business was worth more.
The plaintiff was represented by attorneys Ethan Wohl, Sidney Liebesman, Carmella Keener. The defense in this case comprised of Citigroup Global Markets Inc. and Student Loan Corporation. Citigroup Global Markets was represented by attorney Edward Welch. Student Loan Corporation was represented by attorney Kenneth Nachbar.
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Outcome
Motion Denied
- Plaintiff
- Defense
- Judge
- Travis Laster
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 5832-VCL
- Industry
- Finance
- Practice Area
- Mergers and Acquisitions, Business Organizations
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Other
8 Chapters
Recording Disclaimer: This proceeding was recorded in full.