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Corporations Keyed to Rhee
In re Massey Energy Co. Derivative Litigation
Citation:2011 WL 2176479 (Del. Ch. 2011)
Massey Energy pled guilty to criminal charges arising from violations of mine safety regulations and a massive explosion that killed 29 miners. The plaintiff brought a Caremark derivative action. As a result of Massey’s problems, it entered into a merger agreement with an acquirer, Alpha Natural Resources.
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