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MEHTA v. SMURFIT-STONE CONTAINER CORPORATION

C.A. No. 6891-VCL.

RAM MEHTA AND NEENA MEHTA, Plaintiffs, v. SMURFIT-STONE CONTAINER CORPORATION, AND ITS OFFICIALS, ROCK-TENN COMPANY, AND ITS OFFICIALS, Defendants.

Court of Chancery of Delaware.

Decided: October 20, 2014.

Attorney(s) appearing for the Case

Ram Mehta and Neena Mehta, Buena Park, California; Pro Se Plaintiffs.

William M. Lafferty , MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Attorneys for Defendants.

MEMORANDUM OPINION

LASTER, Vice Chancellor.

Plaintiffs Ram Mehta and Neena Mehta owned common stock of Smurfit-Stone Container Corporation (the "Company" or "Smurfit-Stone"). In this lawsuit, they challenge (i) decisions leading up to the Company's bankruptcy, along with steps taken in connection with its exit from bankruptcy, (ii) the Company's subsequent merger with and into Rock-Tenn CP, LLC ("Rock-Tenn Sub"), a wholly owned acquisition subsidiary of...

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