Chancery Scuttles Unfair Pirate Ship Salvage Co. Merger

By Jeff Montgomery (May 13, 2024, 5:01 PM EDT) -- Finding the deal "wholly devoid" of attempts at fairness, a Delaware vice chancellor has ordered the unwinding of a 2018 pirate treasure hunting and salvage company merger with an asset-holding affiliate, while also finding that delay and fading evidence have scuttled minority investor fiduciary breach claims....

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