IN RE ZALE CORPORATION STOCKHOLDERS LITIGATION

Consolidated C.A. No. 9388-VCP.

IN RE ZALE CORPORATION STOCKHOLDERS LITIGATION.

Court of Chancery of Delaware.

Decided: October 1, 2015.


Attorney(s) appearing for the Case

Seth D. Rigrodsky, Esq. , Brian D. Long, Esq. , Gina M. Serra, Esq. , Jeremy J. Riley, Esq. , RIGRODSKY & LONG, P.A., Wilmington, Delaware; Carl L. Stine, Esq. , WOLF POPPER LLP, New York, New York; Liaison Counsel for Plaintiffs and Member of Plaintiffs' Executive Committee.

Gregory P. Williams, Esq. , J. Scott Pritchard, Esq. , RICHARDS, LAYTON & FINGER, PA, Wilmington, Delaware; Sandra C. Goldstein, Esq. , CRAVATH, SWAINE & MOORE LLP, New York, New York; Attorneys for Defendants Neale Attenborough, Yuval Braverman, Terry Burman, David F. Dyer, Kenneth B. Gilman, Theo Killion, John B. Lowe, Jr., Joshua Olshansky, and Beth M. Pritchard.

Bradley R. Aronstam, Esq. , S. Michael Sirkin, Esq. , ROSS ARONSTAM & MORITZ LLP, Wilmington, Delaware; Joseph S. Allerhand, Esq. , Stacy Nettleton, Esq. , David P. Byeff, Esq. , Robert S. Ruff, III, Esq. , WEIL, GOTSHAL & MANGES LLP, New York, New York; Attorneys for Defendant Signet Jewelers Limited.

Michael J. Maimone, Esq. , Gregory E. Stuhlman, Esq. , GREENBERG TRAURIG LLP, Wilmington, Delaware; Alan S. Goudiss, Esq. , Paula H. Anderson, Esq. , Dennis D. Kitt, Esq. , SHEARMAN & STERLING LLP, New York, New York; Attorneys for Defendant Merrill Lynch, Pierce, Fenner & Smith Incorporated.


MEMORANDUM OPINION

This is a stockholder challenge to the now-completed merger between Zale Corporation and Signet Jewelers Limited. The plaintiffs, who owned Zale Corporation common stock before the merger, charge members of the Zale Corporation board of directors with breaching their fiduciary duties...

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