- Plaintiff
- Yucaipa American Alliance Fund, LP
- Represented By:
- McBride, David (Young, Conaway, Stargatt & Taylor, LLP)
- Defense
- Barnes & Noble
- Represented By:
- Goldstein, Sandra (Cravath, Swaine and Moore, LLP)
Yucaipa v. Barnes & Noble
VERDICT
Hearing
07/22/10 – 07/22/10
Summary
In this retail industry mergers and acquisition litigation bench trial proceeding, plaintiff Yucaipa America Alliance Fund II sought a change in defendant Barnes and Nobles poison pill arrangement, which prohibits the plaintiff, a hedge fund to buy additional stake in the company. The plaintiff alleged Barnes and Nobles and its directors of breach of fiduciary duty.
The plaintiff was represented by attorney David McBride. The defendant in this case, Barnes and Nobles was represented by attorney Sandra Goldstein.
Outcome
The court dismissed Yucaipas counts for breach of fiduciary duty and for declaratory judgment.
- Plaintiff
- Defense
- Judge
- Leo Strine
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 5465-VCS
- Industry
- Retail
- Practice Area
- Mergers and Acquisitions
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Other
5 Chapters
Recording Disclaimer: This proceeding was recorded in full.