Delaware Chancellor Approves Settlement Of Shareholder Dispute Over Merger

WILMINGTON, Del. – A Delaware chancellor on Jan. 27 approved a settlement of a shareholder suit against a group of directors and officers and investors seeking a merger between two companies after the parties agreed to add certain disclosures to a proxy (In Re: Pinnacle Gas Resources, Inc. Shareholders Litigation, No. 5313-VCS, Del. Chanc.).

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