IN RE TRULIA, INC. STOCKHOLDER LITIGATION

CONSOLIDATED C.A. No. 10020-CB.

129 A.3d 884 (2016)

IN RE TRULIA, INC. STOCKHOLDER LITIGATION

Court of Chancery of Delaware.

Decided: January 22, 2016.


Attorney(s) appearing for the Case

Seth D. Rigrodsky , Brian D. Long , Gina M. Serra and Jeremy J. Riley , Rigrodsky & Long, P.A., Wilmington, Delaware; Peter B. Andrews and Craig J. Springer , Andrews & Springer, LLC, Wilmington, Delaware; James R. Banko , Faruqi & Faruqi, LLP, Wilmington, Delaware; Peter Safirstein , Domenico Minerva and Elizabeth Metcalf , Morgan & Morgan, P.C., New York, New York; Katharine M. Ryan and Richard A. Maniskas , Ryan & Maniskas, LLP, Wayne, Pennsylvania; Kent A. Bronson , Todd Kammerman and Christopher Schuyler , Milberg LLP, New York, New York; Juan E. Monteverde , James Wilson, Jr. and Miles D. Schreiner , Faruqi & Faruqi, LLP, New York, New York; Counsel for Plaintiffs.

Rudolf Koch and Sarah A. Clark , Richards, Layton & Finger, P.A., Wilmington, Delaware; Deborah S. Birnbach , Goodwin Procter LLP, Boston, Massachusetts; Michael T. Jones , Goodwin Procter LLP, Menlo Park, California; Attorneys for Defendants Trulia, Inc., Pete Flint, Robert Moles, Theresia Gouw, Gregory Waldorf, Sami Inkinen, Erik Bardman and Steve Hafner.

William M. Lafferty , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Alan S. Goudiss , Shearman & Sterling, New York, New York; Attorneys for Defendants Zillow, Inc. and Zebra Holdco, Inc.

Joseph Christensen , Joseph Christensen P.A., Wilmington, Delaware; Counsel for Amicus Curiae Sean J. Griffith.


OPINION

This opinion concerns the proposed settlement of a stockholder class action challenging Zillow, Inc.'s acquisition of Trulia, Inc. in a stock-for-stock merger that closed in February 2015. Shortly after the public announcement of the proposed transaction, four Trulia stockholders filed essentially identical complaints...

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