Microsoft Agrees to $250M Settlement with Activision Blizzard Shareholders
4 hours ago
- #Corporate Law
- #Merger Settlement
- #Litigation Trends
- Microsoft agrees to pay $250 million to settle claims from former Activision Blizzard shareholders regarding the $75.4 billion merger.
- The settlement, pending approval by Chancellor Kathaleen St. J. McCormick, could end over four years of litigation.
- Delaware Court of Chancery's ruling in Tesla Derivative Litigation may shift fiduciary duty cases to Texas courts due to a forum selection clause.
- Notices of appeal were filed after Vice Chancellor Bonnie W. David dismissed Tesla litigation, citing Texas as the proper forum.
- Claims over session replay software often fail at the standing phase, as courts require more than just alleging online tracking.
- A multi-year revision project for rules is expected to be completed in 2026, with final rules under review.
- Robert Barron advises careful consideration of series LLCs, noting they differ from standard LLCs and require specific attention.