Dela. judge denies WeWork's unprecedented bid to toss board members' suit against Softbank
11 Min Read (Reuters) - Chancellor Andre Bouchard of Delaware Chancery Court ruled Monday that WeWork cannot voluntarily dismiss a lawsuit accusing Softbank and Vision Fund of breaching a multi-pronged agreement in which the defendants pledged to complete a $3 billion tender offer for WeWork shares in addition to providing financing to the struggling company. Bouchard’s ruling resolved an extraordinarily unusual dispute over corporate control. The lawsuit was filed on the company’s behalf last April, after Softbank ditched the tender offer, by a special committee comprised of the two WeWo...
Source: reuters.com