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Chancery Suit Over $1.4B Building Co. Merger Survives Trims

By Jeff Montgomery ( June 3, 2024, 5:23 PM EDT) -- The CEO, controlling investor and board members of specialty building product maker Foundation Building Materials Inc. must face Delaware Court of Chancery breach of fiduciary duty claims filed by stockholder after a $1.4 billion company sale, a Delaware vice chancellor has ruled....

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