In Re: TD Banknorth

CONCLUDED

Hearing
06/25/09 – 06/25/09

Summary

Settlement hearing.

Via Bloomberg News: " April 21 (Bloomberg) -- TD Banknorth Inc. agreed to pay $50 million to settle for the second time a class-action lawsuit brought by former investors challenging the fairness of the company’s buyout by Toronto-Dominion Bank.

TD Banknorth shareholders sued in Delaware Chancery Court in Wilmington in 2006, contending the $3.2 billion offer for 41 percent of the stock that Toronto-Dominion didn’t already own was too low. Judge Stephen Lamb in 2007 rejected as insufficient a lawsuit settlement that gave stockholders about $3 million and lawyers more than $1 million in legal fees."

Sessions

PM Session
Other
2 Chapters
AM Session
Not in Session
0 Chapters
JUN
25

AudioCaseFiles

Exclusive audio opinions to enhance your law school experience

AudioCaseFiles

Essentials

The most important and informative moments of each trial

Essentials

Training Libraries

Trial Advocacy, Rules of Evidence and Appellate Advocacy

Training

  • Follow Us