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Judge clears way for Tuesday vote by Family Dollar shareholders
New York - A Delaware judge has denied a request to block Tuesday's vote by Family Dollar Stores on a $8.5 billion take-over bid by Dollar Tree, saying dissident shareholders "failed to demonstrate a reasonable probability of success on any of their claims." A shareholder lawsuit had requested a preliminary injunction against the vote until Family Dollar “properly engaged” in talks with rival Dollar General to “achieve a value-maximizing transaction.”
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Judge allows lawsuit vs. Target to continue
A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.
U.S. District Judge Paul Magnuson in St. Paul, Minn., dismissed claims by plaintiffs in certain states but largely denied Target's request to toss out the proposed class action lawsuit.
Magnuson rejected Target's argument that the consumers lacked standing to sue because they could not establish any injury.
