Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Submitted June 27, 2007.
Decided July 19, 2007.
Attorney(s) appearing for the Case
Norman M. Monhait, Esquire, Rosenthal, Monhait & Goddess, P.A. Wilmington, Delaware; Seth D. Rigrodsky, Esquire, Rigrodsky & Long, P.A., Wilmington, Delaware; Richard B. Brualdi, The Brualdi Law Firm, P.C., New York, New York; James S. Notis, Esquire, Gardy & Notis, LLP, Englewood Cliffs, New Jersey; Shane T. Rowley, Esquire, Faruqi & Faruqi, LLP, New York, New York; Harold B. Obstfeld, Esquire, Harold B. Obstfeld, P.C., New York, New York; Robert M. Kornreich, Esquire, Chet B. Waldman, Esquire, Anthony D. Green, Esquire, Wolf Popper LLP, New York, New York, Attorneys for the Plaintiffs.
Anne C. Foster, Esquire, John D. Hendershot, Esquire, Richards, Layton & Finger, P.A., Wilmington, Delaware; Michael J. Chepiga, Esquire, Lynn K. Neuner, Esquire, Elaine M. Divelbliss, Esquire, Leah R. Threatte, Esquire, Simpson, Thacher & Bartlett, LLP, New York, New York, Attorneys for The Toronto-Dominion Bank, William J. Ryan, William E. Bennett, W. Edmund Clark, Bharat Masrani, and Wilbur J. Prezzano.
Robert K. Payson, Esquire, Bradley W. Voss, Esquire, Potter Anderson & Corroon, LLP, Wilmington, Delaware; Paul K. Rowe, Esquire, William K. Savitt, Esquire, Wachtell, Lipton, Rosen & Katz, New York, New York, Attorneys for Robert G. Clarke, P. Kevin Condron, John O. Drew, Brian M. Flynn, Joanna T. Lau, Dana S. Levenson, Steven T. Martin, John M. Naughton, Irving E. Rogers, David A. Rosow, Curtis M. Scribner, Peter G. Vigue and Gerry S. Weidema.
M. Duncan Grant, Esquire, Edmond D. Johnson, Esquire, Pepper Hamilton, LLP, Wilmington, Delaware, Attorneys for TD Banknorth, Inc.
Michael Hanrahan, Esquire, Paul A. Fioravanti, Jr., Esquire, Laina M. Herbert, Esquire, Prickett, Jones & Elliott, P.A., Wilmington, Delaware; Samuel H. Rudman, Esquire, Robert M. Rothman, Esquire, Evan J. Kaufman, Esquire, Mark S. Reich, Esquire, Lerach Coughlin Stoia Geller Rudman & Robbins, LLP, Melville, New York; Kevin Fitzgerald, Esquire, Jennifer L. Frank, Esquire, Lewis Saul & Associates, P.A., Portland, Maine, Attorneys for the Objectors.
Court of Chancery of Delaware, New Castle County.
OPINION
LAMB, Vice Chancellor.
This is a class action litigation arising from the recent $3.19 billion merger by which The Toronto-Dominion Bank acquired the remaining publicly traded shares of TD Banknorth, Inc. Before the court is a proposal to settle providing that, in exchange for releasing the defendants from any potential liability in connection with the merger, the class has received or will receive...
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