Special Opportunities Fund, Inc. has announced a standstill with Delaware Enhanced Global Dividend and Income Fund, which will provide, among other things, a tender offer to purchase up to 30% of common shares contingent on approval of a proposed reorganization.
Morris Kandinov LLP is representing an investor in the Infinity Q Diversified Alpha Fund in connection with a motion to stop a proposed settlement on unfair terms.
Granite Construction Inc. stockholders have filed a proposed $7.5 million settlement in the Delaware Chancery Court for litigation arising from $338 million in cost overruns concealed from investors between 2017 and 2019.
Granite Construction will pay $7.5 million and adopt a series of oversight reforms to end shareholder litigation over claims that its board concealed hundreds of millions in overruns affecting four “mega-projects.”
The Delaware Court of Chancery approved a $110 million deal to end a shareholder suit that alleged breaches of fiduciary duty in connection with Liberty Broadband Corp.’s acquisition of GCI Liberty Inc.
Morris Kandinov LLP was part of a team of lawyers that secured a favorable settlement for GCI Liberty Inc. stockholders in connection with its merger with Liberty Broadband Corp.