Andrews Corporate Officers and Directors Liability Litigation Reporter
July 2, 2001
Copyright (c) 2001 Andrews Publications
DERIVATIVE SUIT STANDING LOST WHEN MERGER IS CONSUMMATED
Behrens v. Aerial Communications
The consummation of a merger of telecom companies Aerial Communications Inc. and VoiceStream Wireless Corp. pulled the rug out from under a challenge to an alleged self-dealing pre-merger transaction by Aerial's majority shareholder, a Delaware state...