Mass. Court Denies Motion for Certification of Defendant Class 03/25/2014Posted by Morse, Barnes-Brown Pendleton in M&A.
Tags: mercury systems, security holders, stockholder representatives
By: Joseph Marrow
A recent decision of the Massachusetts Federal District Court denied a motion to certify a defendant class related to an indemnification claim concerning tax liabilities from an alleged breach of a merger agreement. In Mercury Systems, Inc. v. Shareholder Representative Services, LLC, et al., Civil Action No. 13-11962-RGS, the plaintiff, Mercury Systems, filed a motion to certify a defendant class (the defendant securityholders and the stockholder representative appointed to resolve post-closing disputes). To learn how the court ruled and what you can do to avoid post-closing disputes read the full article here.
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