Halloween vote set for Murdock’s offer to buy Dole

10/09/2013 11:26:00 AM
Coral Beach

Cases in California are on hold at the order of a judge, pending the outcome of the remaining cases, which have been consolidated in the Court of Chancery, Wilmington, Del.

On Aug. 29 the Delaware judge denied stockholders’ requests to expedite the case, ruling there was no threat of irreparable harm because they could still recover money after the Dole deal closes, if they prevail with their civil charges.

“Dole and its directors believe the allegations in all of the lawsuits are without merit and intend to vigorously defend the lawsuits,” according to the proxy statement.

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