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C » Topics » Marie Raymond Revocable Trust, et al. v. MAT Five LLC, et al.

This excerpt taken from the C 8-K filed Oct 13, 2009.
Marie Raymond Revocable Trust, et al. v. MAT Five LLC, et al.: On June 19, 2008, investors in MAT Five LLC filed a class action complaint in the Delaware Court of Chancery seeking to enjoin a tender offer for all shares of MAT Five LLC. On November 10, 2008, a stipulation of settlement was filed that provided for additional disclosures and additional consideration to be paid to investors. The settlement was approved by the Chancery Court on December 19, 2008. An appeal from the Chancery Court’s judgment approving the settlement was filed by class member objectors on January 14, 2009.

 

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