Anaplan Stockholders Sue In Del. Over Insider Equity Moves (Law360)

Covered by Law360

Anaplan Inc. shareholders sued the company’s top officers and key directors late Monday in Delaware’s Chancery Court, challenging their unauthorized, pre-closing approval of equity grants that breached a $10.7 billion merger agreement, ultimately causing the merger price to decline by $400 million. Morris Kandinov LLP represents the stockholder in the action.

By MoKa

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