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Novell The Courts

Shareholders Sue Novell Board 37

Posted by samzenpus
from the take-them-to-court dept.
dgharmon writes "If you thought the deal smelled funny back in 2011 when Novell sold itself to Attachmate and its patents to a Microsoft consortium, you are not alone. Some shareholders sued. Specifically, they claim that Novell favored Attachmate over other bidders, especially a 'Party C', and the judge, under Delaware's reasonable 'conceivability' standard, denied summary judgement with respect to the board and decided there will need to be a trial."
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Shareholders Sue Novell Board

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