IN RE USG CORPORATION STOCKHOLDER LITIGATION

Consolidated C.A. No. 2018-0602-SG.

IN RE USG CORPORATION STOCKHOLDER LITIGATION.

Court of Chancery of Delaware.

Decided: August 31, 2020.


Attorney(s) appearing for the Case

Blake A. Bennett , of COOCH & TAYLOR, P.A., Wilmington, Delaware; OF COUNSEL: Michael J. Palestina , of KAHN SWICK & FOTI, LLC, New Orleans, Louisiana; Juan E. Monteverde and Miles D. Schreiner , of MONTEVERDE & ASSOCIATES, New York, New York, Attorneys for Plaintiffs.

Raymond J. Dicamillo , Srinivas M. Raju , Robert L. Burns , Matthew D. Perri , and Angela Lam , of RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; OF COUNSEL: Robert S. Faxon , Andrienne F. Mueller , and Robert E. Johnson , of JONES DAY, Cleveland, Ohio, Attorneys for Defendants.


MEMORANDUM OPINION

This matter involves the acquisition (the "Acquisition") of USG Corporation ("USG")1, a building materials company, by a strategic buyer, Gebr. Knauf KG. The Plaintiffs, former USG stockholders, allege that USG's directors—party Defendants...

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