• Delaware Court Dismisses All Claims in Connection with the Sale of Control of Activision
  • September 16, 2009
  • Law Firm: Shearman & Sterling LLP - New York Office
  • In its recent decision in Wayne County Employees' Retirement System v. Corti, the Delaware Chancery Court dismissed all claims in a purported class action brought by a former stockholder of Activision, Inc. challenging the conduct of the Activision board of directors in negotiating and approving a transaction that resulted in Vivendi S.A. obtaining a majority of the voting stock of Activision.