Delaware Chancery Court Approves Settlement in In re Investors Bancorp Stockholder Litigation | Practical Law
The parties in In re Investors Bancorp Stockholder Litigation filed a settlement agreement with the Delaware Chancery Court that would settle the derivative action filed in 2016 by certain stockholders of Investors Bancorp, Inc. claiming, among other things, that the members of the Investors Bancorp board of directors breached their fiduciary duties by granting themselves excessive equity compensation. The court approved the settlement on June 21, 2019.