Andrews Securities Litigation and Regulation Reporter
December 12, 2001
Copyright (c) 2001 Andrews Publications
HOLDERS OF ‘TRACKING STOCK’ CANNOT SUE DLJ OR ACQUIROR OVER N.Y. MERGER
Sedighim v. Donaldson, Lufkin & Jenrette Inc.
Investors who held shares of a “tracking stock” that reflected the worth of Donaldson, Lufkin & Jenrette Inc.'s online brokerage business had no right to sue DLJ, its officers and directors, or its acquiror over a complex merger deal, a federal judge...