Emulex Corp v. Varjabedian - Post-Decision SCOTUScast

Emulex Corp v. Varjabedian - Post-Decision SCOTUScast

From: SCOTUScast
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On April 23, 2019, just one week after argument, the Supreme Court decided Emulex Corp. v. Varjabedian, a case involving a circuit split regarding Section 14(e) of the Securities Exchange Act of 1934 and whether it supports an inferred private right of action based on negligence or scienter.
Emulex Corp. is a computer component seller that entered into a merger agreement with Avago Technologies Wireless Manufacturing. In the merger agreement, Avago offered to pay $8 per share, which reflected ... See More

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