IN RE RURAL METRO CORP.

C.A. No. 6350-VCL.

88 A.3d 54 (2014)

In re RURAL METRO CORPORATION Stockholders Litigation.

Court of Chancery of Delaware.

Decided: March 7, 2014.


Attorney(s) appearing for the Case

Joel Friedlander , Jeffrey M. Gorris , Jaclyn Levy , Bouchard, Margules & Friedlander, P.A., Wilmington, Delaware; Randall J. Baron , David Knotts , Robbins Geller Rudman & Dowd LLP, San Diego, California; for Plaintiffs.

Patricia R. Uhlenbrock , Seton C. Mangine , Pinckney, Weidinger, Urban & Joyce LLC, Wilmington, Delaware; Alan J. Stone , Daniel M. Perry , Milbank, Tweed, Hadley & McCloy LLP; for Defendant RBC Capital Markets, LLC.


OPINION

LASTER, Vice Chancellor.

On June 30, 2011, Rural/Metro Corporation ("Rural" or the "Company") merged with an affiliate of Warburg Pincus LLC ("Warburg" or "WP"). Each publicly held share of Rural common stock was converted into the right to receive $17.25 in cash. The plaintiffs contend that the members of the Rural board of directors (the "Board") breached their fiduciary duties by approving the merger and by failing to disclose material...

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